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Sale of a Business Package - Delaware

Sale of a Business Package - Delaware 2025

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The document is a Specialty Forms Package from U.S. Legal Forms, Inc. designed for the sale of a business in Delaware. It includes essential legal forms such as agreements for sale, asset purchase agreements, and bills of sale, along with descriptions and tips for completing these forms. The package aims to assist buyers and sellers in navigating legal issues during the business sale process while providing a disclaimer regarding the use of the forms.

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What actions require shareholder approval in Delaware?

What Actions Require Board and Stockholder Approval in Delaware? Amend the Certificate of Incorporation. Enter into fundamental corporate transactions (sale of company, merger, sale of substantially all assets of corporation, etc.) Appoint officers.

What is the 18 607 of the Delaware Limited Liability Company Act?

(a) A limited liability company shall not make a distribution to a member to the extent that at the time of the distribution, after giving effect to the distribution, all liabilities of the limited liability company, other than liabilities to members on account of their limited liability company interests and

What is Section 271 of the Delaware corporate law?

(a) Every corporation may at any meeting of its board of directors or governing body sell, lease or exchange all or substantially all of its property and assets, including its goodwill and its corporate franchises, upon such terms and conditions and for such consideration, which may consist in whole or in part of money

What is the quorum requirement in Delaware?

Unless the certificate of incorporation provides otherwise, the bylaws may provide that a number less than a majority shall constitute a quorum which in no case shall be less than 1/3 of the total number of directors.

What is section 276 of the Delaware Corporation law?

276. Dissolution of nonstock corporation; procedure. (a) Whenever it shall be desired to dissolve any nonstock corporation, the governing body shall perform all the acts necessary for dissolution which are required by 275 of this title to be performed by the board of directors of a corporation having capital stock.

How to dissolve a non-profit in Delaware?

Authorizing Dissolution With the resolution and plan in hand, Delaware law provides for voluntary dissolution as follows: by action of the governing body followed by a vote of the members. by unanimous consent of the members; or. if your nonprofit doesnt have members, by a vote of the governing body.

What is Section 371 of the General Corporation Law of the State of Delaware?

371. Definition; qualification to do business in State; procedure. (a) As used in this chapter, the words foreign corporation mean a corporation organized under the laws of any jurisdiction other than this State.

What is a sale of substantially all assets?

A corporation will have sold substantially all of its assets if the transaction fundamentally alters the existence and purpose of the corporation or leaves the corporation unable to conduct the business it was formed to conduct.

Sale of a Business Package - Delaware 2025

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What actions require shareholder approval in Delaware?

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What is the quorum requirement in Delaware?

What is section 276 of the Delaware Corporation law?

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How to dissolve a non-profit in Delaware?

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Sale of a Business Package - Delaware 2025

Here's how it works

The easiest way to modify Sale of a Business Package - Delaware in PDF format online

Complete this form in 5 minutes or less

Got questions?

What actions require shareholder approval in Delaware?

What is the 18 607 of the Delaware Limited Liability Company Act?

What is Section 271 of the Delaware corporate law?

What is the quorum requirement in Delaware?

What is section 276 of the Delaware Corporation law?

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How to dissolve a non-profit in Delaware?

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