New Section 205 of the DGCL vests the Court of Chancery with exclusive jurisdiction over any action brought in respect of such defective corporate acts. Section 205 also vests the Court of Chancery with the ability to modify any procedure required under Section 204. These provisions were discussed in greater detail in this Corporate Alert.
DGCL Sections 204 and 205 Go Into Effect April 1, 2014
By: Thomas H. Yang
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