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Delaware Supreme Court Clarifies Limited Partner Rights to Books …
WebAs we indicated in our letter to you dated January 26, 2009, which replied to your earlier request for access to confidential books and records of the Company, the Company continues to believe that the demands made in the Demand Letter are extraordinarily overbroad, patently inappropriate, unduly burdensome and devoid of a proper purpose, … WebMay 23, 2024 · The Delaware Supreme Court has held that strict adherence to the procedural requirements of Section 220 of the Delaware General Corporation Law “protects the right of the corporation to receive and consider a demand in proper form before litigation is initiated.” For this reason, a stockholder making a books-and-records demand has … how does pregnancy affect blood pressure
Delaware LLC Books and Records Demand: Stating a “Proper Purpose”
WebNov 10, 2024 · Your D&O insurance policy may have a sublimit for books and records requests, which means that coverage is restricted to an amount less than the full limits of … WebNov 30, 2016 · It provides that any stockholder who makes a request in writing and under oath has the right “to inspect for any proper purpose, and to make copies and extracts from: the corporation’s stock ledger, a list of … WebJan 28, 2024 · CBS Corp., decided on Nov. 25, 2024, the Delaware Chancery Court reasoned that corporate books and records have evolved and electronic documents may be necessary or essential to respond to a ... how does pregnancy disability leave work