Recent amendments to Delaware corporate law, conceived to address and potentially overturn a landmark court decision on stockholder agreements, have successfully passed through the Delaware state Senate. These changes were developed by the Corporation Law Council and were designed to reaffirm Delaware’s well-established reputation for predictability in balancing investor rights with managerial needs.
The Senate Bill (S.B. 313) needed a two-thirds majority to move onto the state House of Representatives. The legislative body approved the bill with twenty votes in favor, no opposing votes, and one senator absent.
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