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Corporate & Securities Law

: AdamsDrafting

?Is Advisable and in the Best Interests Of?

By Ken Adams

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It’s commonplace for resolutions in board consents to state that something is advisable and in the best interests of the company. I say omit is advisable and as being redundant.

I thought that maybe this couplet occurs in some statute or other; I can understand why drafters would want to track the language of statutes. But I didn’t find it in the Delaware General Corporation Law. Does this language have a basis in anything other than the lawyer urge to be redundant?

Full post as published by AdamsDrafting on September 11, 2009 (boomark / email).

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