Folks, the bottom line is that nothing changes in Delaware , other than the first state’s financial crisis is probably beyond redemption. The Democrats are in power in Delaware and have created a dangerous $400 million dollar deficit by over spending.
They do care about enhancing the killing of babies in late term abortions, but sure as hell can’t manage the state’s finances. If a law needs to be changed, such as the prudent SB 53 which basically protects corporations from arbitrarily and capriciously being forced into a sale by a Delaware Chancellor, the Democrat elected officials in Dover are never going to make such a change, because they will always listen to the self-serving representatives in the Delaware Bar Association who are all connected with the judiciary and their own self-serving agendas.
Delaware is definitely going to lose its incorporation franchise because the Court of Chancery is no longer equitable and is seriously flawed. One-third of Delaware’s income will eventually dissolve. Why would anybody want to incorporate in Delaware now? Famous and respected litigator, Alan Dershowitz, has recently stated, “For an attorney to recommend a business client to incorporate in Delaware would be tantamount to malpractice.”
Delaware is in huge monetary trouble and as long as it is being run by politically motivated liberals who usurp logic with false priorities, ridiculous establishment protectionism, and poor reasoning, it will only get worse.
A few Delaware Senators for political reasons, not for the benefit of Delawareans, have killed a bill in Committee that should have been released for consideration by the entire Senate. This is not a fair democracy.
Please read the article below by clicking on the link.
TransPerfect bill in doubt after Senate meeting Jeff Mordock , The News JournalPublished 5:29 p.m. ET June 14, 2017 | Updated 4 hours ago
As always your comments are welcome. JUDSON Bennett-Coastal Network
Editor’s note: SB 53 is a bipartisan bill which is prime sponsored by Senator Colin Bonini and Representative Kowalko. It provides that the Court of Chancery may only appoint a custodian to dissolve or sell a solvent corporation to resolve deadlock if (1) alternative remedies prove insufficient after three years or (2) unless the necessary parties stipulate to such a sale