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What is the Delaware Code 1909?

A notice to stockholders under Section 228(e) of the Delaware General Corporation Law (DGCL) that a stockholder action has been taken without a meeting and approved by less than unanimous written consent.

What are the requirements for a short form merger in Delaware?

Short-Form Mergers Under Delaware Law Under the law, a parent corporation can merge with a subsidiary corporation without going through certain formalities. To do so, the parent corporation must own at least 90% of the outstanding shares of each class of the stock of the subsidiary corporation.

Are Delaware LLCs required to have annual meetings?

Member and Manager Meetings in Limited Liability Companies Unlike corporations, neither Texas nor Delaware law require LLCs to hold annual meetings or maintain minutes of meetings if they are held this holds true for members and managers (FYI, LLCs dont always have managers).

What is a 228 notice?

A notice to stockholders under Section 228(e) of the Delaware General Corporation Law (DGCL) that a stockholder action has been taken without a meeting and approved by less than unanimous written consent. This Standard Document has integrated notes with important explanations and drafting tips.

What are the two branches of the Delaware General Assembly?

1909. Withholding of income tax on sale or exchange of real estate by nonresident corporations. (a) Definitions. (1) Director means the Director of the Division of Revenue or the Secretary of Finance of the State.

What is Section 228 of the Delaware Code?

4205. Sentence for felonies. (a) A sentence of incarceration for a felony shall be a definite sentence.

What is consent in lieu of annual meeting?

Written Consent in Lieu of Meeting is a legal mechanism that allows the board of directors, shareholders, or members of an organization to make a decision or approve a resolution without actually convening a physical or virtual meeting.

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