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Delaware General Form

Delaware General Form

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hello my name is Brad wood and I'm in the corporate and business transactions Practice Group here at Maynard Nexon with a particular focus on mergers and Acquisitions and other strategic company transactions the transactional work I do is greatly impacted by Delaware law therefore we keep a close watch on any legal developments in Delaware in 2022 the general Corporation law of the state of Delaware was amended to allow Delaware Corporations to limit the personal liability of certain officers for duty of care violations which is also known as officer exculpation previously Delaware law only allowed corporations to limit the personal liability of directors however in response to the increasing frequency in which officers are being targeted in stockholder litigation for duty to care violations the Delaware legislature decided it was time to extend such protection Beyond just directors a corporation deciding whether to propose an amendment to certificate of incorporation to limit

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