Courts Are Mimicking Delaware's Approach To Ultra Vires Acts

By Massimo D’Angelo, Ildefonso Mas and Daniel Miktus (August 29, 2022, 6:08 PM EDT) -- The Delaware Chancery Court has long been recognized by legal practitioners, as well as businesses across the country, as an ideal forum to efficiently resolve corporate disputes to prevent immediate irreparable harm, as a result of ultra vires corporate actions — particularly in instances where a corporation's governing documents mandate that all corporate disputes be resolved by arbitration....

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