Amends Delaware's General Corporation Law to modify procedures for amending certificates of incorporation, dissolving corporations, and reviving.
The bill amends Delaware's General Corporation Law by modifying the process for amending certificates of incorporation, dissolving corporations, and reviving certificates of incorporation. It specifies that certain amendments to the authorized number of shares of a class of capital stock can be made without a vote if the shares are listed on a national securities exchange. It also details the procedure for dissolving a corporation, including the requirement for a certificate of dissolution and the appointment of the Secretary of State as the agent for service of process.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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