GOODBYE TO THE CONTEMPORANEOUS OWNERSHIP REQUIREMENT

The General Assembly should amend the Delaware General Corporation Law to eliminate the contemporaneous ownership requirement for derivative actions from section 327. The rule is incoherent and ill-suited to each of the purposes advanced to support it. The rule is also unnecessary, as defendants and...

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Veröffentlicht in:The Delaware journal of corporate law 2008-09, Vol.33 (3), p.673
1. Verfasser: Laster, J Travis
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container_title The Delaware journal of corporate law
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creator Laster, J Travis
description The General Assembly should amend the Delaware General Corporation Law to eliminate the contemporaneous ownership requirement for derivative actions from section 327. The rule is incoherent and ill-suited to each of the purposes advanced to support it. The rule is also unnecessary, as defendants and the Delaware courts have ample alternative avenues available for dealing with meritless claims. [PUBLICATION ABSTRACT]
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identifier ISSN: 0364-9490
ispartof The Delaware journal of corporate law, 2008-09, Vol.33 (3), p.673
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source HeinOnline Law Journal Library
subjects Amendments
Fiduciaries
Ownership
Requirements
State court decisions
State laws
title GOODBYE TO THE CONTEMPORANEOUS OWNERSHIP REQUIREMENT
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