kaal:claim:3017612-026

Drag-along rights are likely enforceable in Delaware absent fraud or duress, because Delaware rejects the de facto merger doctrine and therefore does not trigger statutory formalities such as appraisal rights.

Source quote, verbatim

Absent issues of fraud or duress, it seems likely drag-along rights will be enforced for Delaware corporations.84 Because Delaware does not follow the practical merger doctrine, statutory formalities such as appraisal rights are not implicated.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), III.2 Shareholders' Agreements on the (Limitation for the) Transfer of Shares, p. 12
https://ssrn.com/abstract=3017612 · source PDF

Cite as

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

Holds when

Delaware corporations
no fraud or duress

Classification

mechanismsupport: arguedinstitutional-design

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