Court Of Chancery Limits Inspection From Third Party
Posted In Books and Records
Florida R&D Fund Investors LLC v. Florida BOCA, C.A. 8400-VCN (August 30, 2013)
This decision illustrates the danger in vesting practical control of the records an entity in a non-Delaware "agent." Simply put, as the agent is not subject to the statutory duty to produce those records and may not even be subject to Delaware jurisdiction, the Delaware forum is not available to enforce inspection rights
Tags: Books and Records
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