Meyer signs corporate law bill after ‘Dexit’ debate in the House

Delaware Governor Signs Bill to Prevent Corporate Exodus

Delaware Gov. Matt Meyer signed a bill into law March 26 that amends certain corporate laws as the state moves to ensure it remains attractive to incorporating businesses. The state House passed Senate Bill 21 by a vote of 32–7 the day prior. The bill is “aimed at ensuring the state remains the premier home for U.S. and global businesses,” the governor’s office said in a March 26 statement. The bill mostly makes it harder for shareholders to fil…

The Delaware General Assembly approved in its two chambers a law that finally obtained the signature of Governor Matt Meyer to reform its legislation regarding business activity. SB 21, which is an amendment to the general law on corporations, aims to relax measures to prevent large companies from leaving the state. Read more]]>

Alarm Bells Ring as Delaware 'Radically' Shifts More Power to Corporate Insiders

Democratic Gov. Matt Meyer's decision to sign corporate-friendly legislation has sparked outrage and accusations of prioritizing billionaires over the people of Delaware.

Meyer signs corporate law bill after ‘Dexit’ debate in the House

Gov. Matt Meyer signed a bill that revises the corporate law mere hours after it was passed by the House. The House had significant debate on several amendments, all of which failed. The post Meyer signs corporate law bill after ‘Dexit’ debate in the House appeared first on Delaware Business Times.

Meyer signs controversial Senate Bill 21 into law after bitter House debate

Why Should Delaware Care?Taxes and fees from corporate filings account for nearly a third of Delaware state revenue. Delaware political leaders who proposed and passed a controversial change to the state’s foundational corporate code said those dollars hung in the balance.Late on Tuesday, Gov. Matt Meyer signed into law a bill that eases regulations governing how powerful people can conduct insider deals within some of the biggest companies in t…

The Delaware ‘Billionaire’s Bill’ That Just Passed Is Bad News for Everyone Who Isn’t a Billionaire

By Lucas Ropek A piece of legislation that was written by the law firm representing Elon Musk has been passed by the state of Delaware’s Democrat-controlled legislature. Critics maintain that the bill, which now only needs to be signed into law by the governor, will fundamentally alter the structure of corporate law in the U.S., allowing corporations to potentially engage in malfeasance while leaving little room for legal retaliation by consumer…