The 2007 Amendments to the Delaware General Corporation Law

The Delaware General Assembly recently passed legislation to amend the Delaware General Corporation Law. While many of the amendments are technical in nature, several important, substantive changes have been made, particularly with respect to appraisal rights and voting by classified boards of directors. Most notably, the legislation liberalizes access to and withdrawal from the appraisal process, creates a presumptive approach to awarding interest in appraisal proceedings, and clarifies the rules for applying differential director voting rights to director committee action.

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