Certificate of Incorporation (DE): Supermajority Requirements for Certain Business Combinations | Practical Law

Certificate of Incorporation (DE): Supermajority Requirements for Certain Business Combinations | Practical Law

A Standard Clause to be used in a Delaware public corporation's certificate of incorporation providing that certain business combinations require a supermajority vote of the stockholders, often known as a fair price provision. This Standard Clause has integrated notes with important explanations and drafting tips.

Certificate of Incorporation (DE): Supermajority Requirements for Certain Business Combinations

by Practical Law Corporate & Securities with contributions from Michael D. Allen of Richards, Layton & Finger, P.A., our Delaware law experts
MaintainedDelaware, USA (National/Federal)
A Standard Clause to be used in a Delaware public corporation's certificate of incorporation providing that certain business combinations require a supermajority vote of the stockholders, often known as a fair price provision. This Standard Clause has integrated notes with important explanations and drafting tips.