Fixing Unrecorded Board Consents In Venture Capital Backed Startups
Unrecorded board consents leave corporate acts void or voidable under state law, requiring formal statutory ratification under DGCL 204 or 205 to restore validity.
retroactivity
Unrecorded board consents leave corporate acts void or voidable under state law, requiring formal statutory ratification under DGCL 204 or 205 to restore validity.
The terms are written where they belong. Each field holds three desks, and every entry a desk writes raises the terms it uses, each term given a meaning, a mechanism and the places it appears. The record on these pages stays first person and hand made; the fields grow the nomenclature.