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CALIFORNIA CORPORATE & SECURITIES LAW

After 25 Years, Delaware Begins To See The Light

A quarter century ago, I wrote a brief piece criticizing how Delaware handled stockholder action by written consent: Another difficulty with section 228 arises from its focus on the date of the “earliest dated consent delivered” to the corporation. ┬áThe emphasis on the date of the consent in section 228 contrasts markedly with the focus…

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