Do We Have a Quorum?
Cooley M&A
AUGUST 27, 2020
While ambiguity is often revered in our entertainment, it is certainly less welcome in legal writing, which is why it’s comforting to read a Delaware opinion (for what else would us lawyers do in our spare time!) In a nutshell, under Section 141(f) of the DGCL, a board may act by unanimous written consent, as long as there is a proper quorum.
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