Main Content
DGCL § 144: Interested directors and officers; controlling stockholder transactions; quorum.
4/2/2025 pdw
DGCL § 144 became law in Delaware a few months after In re Match was decided. Now that we've read the other cleansing cases, you'll notice many similarities to what the courts were already doing.
This section does not claim to be the exclusive method of cleansing a transaction, so until the court clarifies otherwise, it is likely best viewed as a safe harbor.
This book, and all H2O books, are Creative Commons licensed for sharing and re-use with the exception of certain excerpts. Any excerpts from the Restatements of the Law, Principles of the Law, and the Model Penal Code are copyright by The American Law Institute. Excerpts are reproduced with permission, not as part of a Creative Commons license.