SB 75 - Prohibits Stock Corporations from Establishing Fee-Shifting Bylaws - Delaware Key Vote

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Title: Prohibits Stock Corporations from Establishing Fee-Shifting Bylaws

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Title: Prohibits Stock Corporations from Establishing Fee-Shifting Bylaws

Vote Smart's Synopsis:

Vote to pass a bill that prohibits stockholders from being liable for certain legal fees.

Highlights:

  • Prohibits a corporation from adopting bylaws that impose liability on shareholders in connection with intercorporate claims. (Sec. 2).
  • Specifies that the bill does not apply to non-stock corporations (Sec. 4). 

 

Title: Prohibits Stock Corporations from Establishing Fee-Shifting Bylaws

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