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Does selling substantially all corporate assets require stockholder approval?

A sale, lease or exchange of all or substantially all assets generally requires board authorization and approval by a majority of outstanding voting stock under section 271.

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Source

Source
8 Del. C. § 271
Source
Delaware Code Online
Area
Mergers and transactions
Source type
statute
Status
In force at the reading date
Authority
Delaware Secretary of State
Checked
2026-09-22

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