(L-R) T. Brad Davey, Mathew A. Golden, and former associate Matthew D. Venuti, of Potter Anderson & Corroon. Courtesy photos What Litigators Need to Know About the Amendments to Section 102(b)(7)
The Delaware legislature has passed a bill to amend Section 102(b)(7) of the General Corporation Law of the State of Delaware to alter the scope of monetary liability for officers of Delaware corporations. Specifically, the amendments extend the opportunity for Delaware corporations to exculpate their officers, in addition to their directors, for monetary liability for certain breaches of fiduciary duty.
August 03, 2022 at 09:00 AM
10 minute read
The Delaware legislature has passed a bill to amend Section 102(b)(7) of the General Corporation Law of the State of Delaware to alter the scope of monetary liability for officers of Delaware corporations. Specifically, the amendments extend the opportunity for Delaware corporations to exculpate their officers, in addition to their directors, for monetary liability for certain breaches of fiduciary duty.
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