Charter Amendments

Delaware GCL § 241
Amendment of certificate of incorporation
before receipt of payment for stock

Delaware GCL § 242
Amendment of certificate of incorporation
after receipt of payment for stock; nonstock corporations

Delaware GCL § 245
Restated certificate of incorporation

Delaware GCL § 394
DGCL part of corporation's certificate of incorporation

State reserves power to amend the DGCL

See DGCL § 394
Compare Dartmouth College v Woodward (1819)

DGCL §242 is included in certificate of incorporation

Goldman v Postal Telegraph (D Del 1943)

Contract clause - due process

Yoakam v Providence Biltmore Hotel (D. RI 1929)
Erie Railroad v Tompkins (1938)
Goldman v Postal Telegraph (D Del 1943)
Hottenstein v York Ice Machinery (3^rd Circuit 1943)

Notice to stockholders

Stroud v Grace (Del 1992)

Class vote

Chris-Craft v Warner Communications (Del 1989)
Dalton v American Inv (Del Ch 1985) aff'd (Del 1985)
Elliott Associates v Avatex (Del 1998)

Types of amendments

Williams v Geier (Del 1996)

United States v Columbia Gas & Electric Re: Director qualifications (D Del 1941)

Rights of preferred stock

Yoakam v Providence Biltmore Hotel (D RI 1929)
In re Biocoastal (Del 1991)
Goldman v Postal Telegraph (D Del 1943)
Bailey v Tubize Rayon (D Del 1944)
Rothschild International v Liggett Group (Del 1984)

Restriction on alienation

B & H Warehouse v Atlas Van Lines (5^th Circuit 1974)
Unilever Acquisition v Richardson-Vicks (SD NY 1985)

Conversion of stock and non-stock corporations

Farahpour v DCX (Del 1994)

Dividend accruals

Hottenstein v York Ice Machinery (3^rd circuit 1943)
Rothschild International v Liggett Group (Del 1984)
Goldman v Postal Telegraph (D Del 1943)
Jedwab v MGM Grand Hotels (Del Ch 1986)

Rothschild International v Liggett Group (Del 1984)

Recapitalizations through charter amendments

Wood v Coastal States Gas (Del 1979)
In re Anderson, Clayton Shareholders' Litig (Del Ch 1986)
Bailey v Tubize Rayon (D Del 1944)
Barrett v Denver Tramway (3^rd cir 1944) aff'g (D Del 1944)
Hottenstein v York Ice Machinery (3^rd circuit 1943)
Lacos Land v Arden Group (Del Ch 1986)

Disclosure Requirements

Form 8-K Item 5.03

SEC FAQ re restated charter

Precedent - Restatements

ATMI (2005)

Delaware company restated charter and by-laws
Form 8-K
Restated charter
Restated by-laws

Related Topics

Delaware General Corporation Law

Clear Gif