Under section 220 of Delaware corporate law, shareholders have the right to examine the books and records of a corporation for a "proper purpose." But it can be challenging to determine exactly what advantages that gives a shareholder. It is clear that under code 220, a shareholder has certain information . . .
Read More Shareholder Right To Examine Books And Records Of Delaware CorporationWhen you put money in the stock market, you are essentially buying a small portion of the companies you're investing in. Think of a company like Facebook or GM as the world's biggest pie, and when you purchase a share, you are an owner of the company. Sure, it takes millions of shares to have any real . . .
Read More Scope Of Dgcl 220You may be a shareholder in some serious blue-chip corporations. If you contribute to your company-sponsored 401(k) plan, or invest in mutual funds, chances are pretty good that you own stock in companies like Apple, Exxon, or more of the thousands of publicly traded corporations in the US. Did you know . . .
Read More Delaware Shareholder Information Rights LetterThere has been a definite upswing in stockholders and directors filing a Section 220 books and records demand. Delaware's DGCL Section 220 gives stockholders and directors the right to seek information from a Delaware corporation. These rights apply to situations where plaintiffs have what the Court . . .
Read More Section 220 Books And Records DemandAs a stockholder or director of a Delaware corporation, you have rights to inspect certain corporate documents. Delaware General Corporation Law (DGCL) specifies your rights to see and inspect the contents of those documents. Most interested parties want access for many reasons. The most common ones . . .
Read More Section 220 Demand Letter SampleKnowing how to file a Delaware Section 220 request correctly on a Delaware corporation is the difference between getting all the information you want and need and not getting it. It is that simple. When you file your Delaware Section 220 request, you are making what the Delaware Court of Chancery calls . . .
Read More How To File A Section 220 DelawareWhich Types of Information Requests Can Shareholders Make Under Delaware Law? Anyone who is a shareholder, director, or officer of a Delaware corporation can use Section 225 of the Delaware General Corporation Law if they want to challenge the results of a vote for directors or the appointment, removal, . . .
Read More Which Types Of Information Requests Can Shareholders Make Under Delaware Law