United States entrenchmentstockholder franchise

Schnell v Chris-Craft Industries Inc

285 A.2d 437 (Del. 1971)

JurisdictionUnited States

CourtSupreme Court of Delaware

Year1971

StatusBinding authority

Key Principle

Inequitable action does not become permissible simply because it is legally possible; directors cannot manipulate corporate machinery to perpetuate control.

Area of Law

corporate

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