About This Blog

Summaries and analysis of recent Delaware court decisions concerning business-related litigation.

Morris James Blogs

Links

Court Of Chancery Explains De Facto Director Status

Posted In Directors

Bishop Macram Max Gassis v. Corkery, C.A. 8868-VCG (May 28, 2014)

This interesting decision explains the status of a de facto director and what that means in terms of the validity of actions taken by such directors.  In general, their actions are valid.   The decision is also another illustration of the duties owed by a board of a charity to its beneficiaries.

Tags: Directors