Introduction to the Law of Corporations: Cases and Materials
DGCL Sec. 121 - General Powers
Section 121 provides for the general powers of a corporation. The corporation has implied authority to undertake all actions required in order to conduct its business as determined by the board of directors and as limited by the corporation's certificate of incorporation and the statute.
This book, and all H2O books, are Creative Commons licensed for sharing and re-use. Material included from the American Legal Institute is reproduced with permission and is exempted from the open license.