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The Business Judgment Rule and DGCL Section 144. Posted in Chancery Court Updates. Section 144 provides some defenses to what would otherwise be easily challenged, conflicted transactions involving directors.
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The opinion extends to 12 pag.
Do I Need To Keep Minutes For My LLC? Delaware Supreme Court Further Defines Director Liability, Sets High Bar. 2009 Delaware LLC Act Amendments. 2009 Delaware Corporation Law Amendments. Do I Really Need A Company Agreement? My Company Has Not Done Any Business, Do I Still Have To Pay A DE Tax? Delaware Corporate Agents, Inc. , has prepared three professional publications necessary for any entrepreneur who owns and operates a Delaware corporation or LLC.