Christopher B Chuff M Duncan Grant
August 15, 2018 | Delaware Business Court Insider
VC Firms Should Be Mindful of Potential Controller StatusIt is well-settled Delaware law that a stockholder is deemed to be a controller when it owns more than 50 percent of the corporation's stock or it owns less than 50 percent of the corporation's stock, but nevertheless exercises actual control over the corporation or the challenged decision.
By Christopher B. Chuff, M. Duncan Grant, and Joanna J. Cline
9 minute read
