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 "identifier": "kaal:claim:1908473-032",
 "text": "Allocating super-voting stock to contingent capital holders satisfies Delaware's legitimate business purpose requirement, because the allocation serves to avoid insolvency and dissolution of the institution.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473",
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  "name": "Contingent Capital with Sequential Triggers",
  "datePublished": "2011",
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  "super-voting-stock",
  "legitimate-business-purpose",
  "voting-rights"
 ],
 "abstract": "Allocating super-voting stock, as proposed herein, would be for the legitimate business purpose of avoiding both insolvency and dissolution.",
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   "value": [
    "Delaware permits alternative voting arrangements if the charter provides for them or is amended",
    "Increases are limited if inequitable or in breach of fiduciary duty"
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