Amendments to the General Corporation Law of the State of Delaware
February 23, 2009
Publication| Corporate Transactions| Corporate & Chancery Litigation| Commercial Transactions| Administrative Law
Legislation proposing to amend the General Corporation Law of the State of Delaware (the “DGCL”) and Section 3114(c) of Title 10 of the Delaware Code has been submitted to the Corporation Law Section of the Delaware State Bar Association (the “DSBA”) for approval. Upon approval by the Corporation Law Section and by the Executive Committee of the DSBA, the proposed legislation will be submitted to the Delaware General Assembly and, subject to the approval of the Delaware General Assembly, to the Governor of the State of Delaware for signature. If the proposed legislation is enacted, the amendments to the DGCL and to Section 3114(c) of Title 10 of the Delaware Code would become effective August 1, 2009.
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