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Delaware Court of Chancery Rescinds Stock Cancellation and Stock Repurchase Agreements for Board of Directors' Failure to Adhere to Corporate Formalities

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The Delaware Court of Chancery rescinded stock agreements in Foley v. Session Corp. after finding the board failed to follow required corporate formalities under Delaware law.

Old Statehouse is a historic state capitol building located on The Green at Dover, Kent County, Delaware. It was built between 1787 and 1792.

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