Question: Delaware allows shareholders to initiate a dissolution without any action of directors if all shareholders consent in writing to that dissolution. Why do you think
Delaware allows shareholders to initiate a dissolution without any action of directors if all shareholders consent in writing to that dissolution. Why do you think Delaware requires unanimous consent by sharefiolders in this situation?
Harper Technology Inc., a Nebraska corporation, neglected to renew its agreement with CT Corporation System to act as its registered agent in the state and has been without an agent in the state for four months.
a What might be a possible effect of Harper's failure to have an agent in Nebraska?
b During the four months Harper did not have an agent, it entered into a contract with Design & Build Co Harper recently applied for reinstatement in Nebraska, which was granted by the secretary of state. Design & Build is contending that it need not pay Harper because Harper was not a valid corporation when the contract was entered into. Discuss whether this will be a valid defense for Design & Build.
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