Senate Bill 218: California’s proposal to remedy defective corporate acts

This article originally appeared in Westlaw Today powered by Reuters on September 8, 2022. It is republished here with permission. Since its enactment in 2014, Section 204 of the Delaware General Corporation Law (DGCL) has provided direct mechanisms for a corporation’s board of directors and stockholders to ratify defective corporate acts. Other states, including California, are aiming […]