Webbusiness purpose test originally contemplated, see Cheff v. Mathes, 41 Del. Ch. 494, 199 A.2d 548, 554-55 (Sup. Ct. 1963), although the test may arguably mean something quite ... Perlman v. Feldmann, 219 F.2d 173 (2d Cir. 1955), is one of the few excep-tions, and is an equivocal one. 17. See Eisenberg, Access to the Corporate Proxy Machinery ... WebPropp, Del.Supr., 187 A.2d 405, 409 (1962), and Cheff v. Mathes, Del.Supr., 199 A.2d 548 (1964)] was clearly unwarranted because it unjustifiably strikes at the very heart of corporate representation by causing a stockholder with an equitable right to a majority of corporate stock to have his right to a proportionate voice and influence in ...
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Web'Mathes v. Cheff, supra note 6, at 529-30. 8 199 A.2d at 556. It was necessary for the corporation to borrow substantial sums of money from commercial lending institutions to finance the purchase. Id. at 552. The court did not indicate, however, whether the statutory requirement of non- WebCheff v. Mathes , 199 A.2d 548 (Del. 1964), [1] was a case in which the Delaware Supreme Court first addressed the issue of director conflict of interest in a corporate change of … coalinga mineral springs blm
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WebDec 10, 1984 · Cheff v. Mathes, supra, at 555. Household is not required, however, to demonstrate the intrinsic fairness of the Plan. The Cheff standard requires the defendant directors to show that their adoption of the Plan was "reasonable at the time" (199 A.2d at 555). The burden thus placed may be viewed as the burden of going forward on a … WebWhat is the standard of review that the Delaware Supreme Court used in Cheff v. Mathes to evaluate the validity of the board's decision in the principal case? (Cheff vs. Mathes) 199. A.2d. 548 2. In what sense do the facts of the principal case give rise to a conflict of interest? (Cheff vs. Mathes) 199. A.2d. 548 3. WebMcPhail v. L. S. Starrett Co., supra; Northwest Industries, Inc. v. B. F. Goodrich Co., supra; Cheff v. Mathes, supra; cf. Gerdes v. Reynolds, 28 N.Y.S.2d 622 (Sup.Ct.1941). For all the facts pleaded in the complaint show, the alleged transaction may have served any of a number of entirely proper corporate purposes. The sale of stock would ... coalinga record newspaper website