United States demand futilitydirector independence

Rales v Blasband

634 A.2d 927 (Del. 1993)

JurisdictionUnited States

CourtSupreme Court of Delaware

Year1993

StatusBinding authority

Key Principle

When a majority of the board did not make the challenged decision, demand futility is tested by whether the board could impartially consider a demand.

Area of Law

corporate

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