Home -> Law Blog Directory -> Corporate & Securities Law Blogs -> BusinessAssociationsBlog.com

Corporate & Securities Law

: BusinessAssociationsBlog.com

Would Delaware Courts Follow Baron v. Allied Artists Pictures Today?

By Stephen Bainbridge

In Baron v. Allied Artists Pictures Corp., 337 A.2d 653 (Del. Ch. 1975), app. dismissed, 365 A.2d 136 (Del. 1976), Allied’s articles of incorporation provided that if six or more quarterly dividends were missed the preferred shareholders, voting as a class, would have the right to elect a majority of the board of directors. Allied missed the requisite number of preferred dividends, triggering...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on October 06, 2008 (boomark / email).