Tag Archives: DGCL Section 251

Chancery Interprets Rights of Preferred Shareholders and Gives Drafting Tips for Certificates of Incorporation

Greenmont Capital Partners, I, L.P. v. Mary’s Gone Crackers, Inc., C.A. No. 7265-VCP (Del. Ch. Sept. 28, 2012). This opinion addresses the interpretation of the rights of the holders of preferred shares as well as the terms of a certificate of incorporation. The opinion also provides drafting tips for those who craft corporate charters. (For … Continue Reading
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