Statutes permitting the ratification and validation of defective corporate acts first took effect in Delaware 10 years ago. During the past decade, other states have adopted analogous statutes, and there are now 20 states including Delaware that are developing the practice of ratification and validation through statutory amendments, case law, and practice. This article identifies developments related to ratification and validation laws that may guide further adoption, use, and refinement of such laws in their second decade.
Click the link below to read "The First Decade of Statutes for Ratification and Validation of Defective Corporate Acts," co-authored by Nate Emeritz and Connor Lynch in The Corporate & Securities Advisor.