Montana lawmakers approved new provisions for shareholder meetings during its 2021 legislative session in response to the continuing COVID-19 pandemic. Montana entities can amend or repeal bylaws that require in-person shareholder meetings, boards of directors...
“In the twenty-odd years I have been a judicial officer in [the Delaware Court of] Chancery, the docket has moved in the direction of contractual disputes and what were once quaintly called alternative entity disputes.” Buttonwood Tree Value Partners...
New Texas Laws Impacting Businesses in 2021 The 2021 Texas legislative session concluded with more than 100 newly enacted or amended sections to the state’s business entity laws, affecting such areas as: Certificates of formation Choice of forum provisions...
Colorado lawmakers approved new procedures allowing for electronic notice and remote meetings during the 2021 legislative session. Changes include: Appraisal rights. Service on a shareholder demanding appraisal rights may be done by electronic transmission...
Maryland lawmakers approved an amendment that permits entities to bring an internal corporate claim in specified circuit courts of Maryland or a federal court sitting in Maryland, or in courts sitting in one or more jurisdictions outside the state. The purpose...
In response to the ongoing COVID pandemic, New Jersey legislators approved statutory amendments allowing business entities to conduct annual meetings, member meetings, and shareholder meetings remotely. The amendments permit entities to use reasonable measures...
The Delaware General Assembly enacted new legislation during the 2021 session that allows members, managers, and partners (i.e. principals) of LLCs or partnerships, as the case may be, to delegate rights, powers, or duties to someone else, even if such principal...
Nevada legislators voted in the state’s 81 st legislative session to expand the scope of permitted forum selection clauses in a corporation’s articles of incorporation or bylaws, which could have the result of permitting a corporation’s articles or bylaws to require...
The Virginia Assembly amended the state’s business laws during the 2021 session to align alternative entity filings with comparable filings for stock corporations. The changes came in the wake of a comprehensive update of the Virginia Stock Corporation Act during...
“2020 was an unexpectedly busy year for the Massachusetts courts as those courts’ personnel made genuinely heroic efforts to continue providing essential services and access to justice during a global public health crisis,” writes Massachusetts attorney Kurt Hemr...
Business and legal professionals rely on case law to understand how judges interpret the business laws in their state. New cases can provide important insight and have the potential to impact client activity, business transactions, and disputes. CSC publishes...
Legal and business professionals need to stay on top of new case law and legislative changes in their jurisdictions to advise clients and complete transactions. The 2021 Edition of Connecticut & Rhode Island Laws Governing Business Entities Annotated provides...