2025年3月11日 · NO to SB 21.” The signs likely elicited strong feelings from sharply divided Americans over Musk’s actions in the Trump administration. But, instead they related to a separate controversy brewing within Delaware over legislation that proposes to change the rules that govern the control that powerful shareholders can have over some of the ...

1 天前 · SB 21 is an unconstitutional attempt to strip the Court of Chancery of its authority and alter traditional Delaware law. Delaware corporate law should be determined by current Delaware judges, not ...

6 天之前 · Senate Bill 21 would make changes in Delaware's incorporation laws, which have helped to make The First State the corporate home for 2.2-million registered entities. Franchise revenues make up ...

2025年2月19日 · SB 21 includes several significant changes, but it particularly defines “controlling shareholders” as individuals who own at least half of a company’s shares or a third of shares plus a managerial role.

6 天之前 · SB 21 offers significant reforms to corporate law, such as defining “controlling shareholders” as those who own at least half a company’s shares or a third of shares while also serving in a managerial role. The bill lowers the bar for corporate action by those controlling shareholders, requiring them to receive approval from the ...

6 天之前 · Senate Bill 21 now heads to the Delaware House of Representatives, where two lawmakers have told Spotlight Delaware they expect to see opposition to the bill. “I am not surprised that this bill sailed through the Senate and I look forward to it getting a robust debate in the people’s House,” Rep. Madinah Wilson-Anton (D-Bear) said.

5 天之前 · Senate Bill 21 seeks to change how business deals between company leaders and major shareholders are handled in the state. State Senator Brian Pettyjohn, a Republican from District 19, explained ...

2025年2月17日 · Gabriel L. Johnson, Seismic Change Proposed in Delaware: Summarizing SB 21’s Proposals and Initial Reactions from Legal Community; Joel Friedlander, Don’t Undermine Delaware’s Judiciary at the Behest of Elon Musk; John Jenkins, DGCL Amendments: Much Ado About What SB 21 Would Undo

2025年2月17日 · There are now three competing versions of SB 21 in circulation: the original, the CLC’s revisions, and the stockholder lawyers’ compromise proposal. Links for all three redlines can be found below. Timeline: Monday, February 17, 2025: Changes to the Delaware General Corporation Law were proposed as SB 21 to the Delaware General Assembly.

2025年2月17日 · Reinvigorating a fundamental principle of Delaware law, SB21 clarifies the legal protections a controlling stockholder may earn for a transaction if they first secure the approval of unconflicted directors or unconflicted stockholders.