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I-Glow

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Re: Blue Skys post# 203195

Tuesday, 09/06/2022 12:17:57 PM

Tuesday, September 06, 2022 12:17:57 PM

Post# of 203909
You can but it is more difficult than Nevada as they rubber stamp those that aren't opposed.

Delaware is more protective of corporations that are domiciled in their state.

"Section 226 of the DGCL authorizes any stockholder to petition the Court of Chancery to appoint a custodian to manage the affairs of the corporation when the corporation is deadlocked. Alternatively, Section 226 can be utilized in the event that the corporation has abandoned its business and failed within a reasonable time to take steps to dissolve, liquidate or distribute its assets."

IG

The First Casualty of Emotion is Reason.

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