Legal Question in Business Law in Delaware

I formed a C Corp in Delaware. The Articles of Incorporation mention only that there are 2 classes of stock ("Class A" & "Class B") the authorized number of shares for each class. I want to give class B ten votes per share and class A one vote per share.

My filing company tells me I can create By-Laws to this effect, but what's confusing me is the Delaware code on voting rights, here: http://delcode.delaware.gov/title8/c001/sc05/

It seems to indicate the Articles of Incorporation should enumerate voting powers.

Where should voting rights be specified - By-Laws or Articles?

Thanks.


Asked on 9/12/13, 6:30 pm

1 Answer from Attorneys

Roman Fichman Esq. Law Practice of Roman Fichman Esq.

Unfortunately without being retained and reviewing the form the question cannot be answered.

My office has a special offer for LawGuru users where we can conduct a limited review of the matter at a total cost of $198 including a telephone consultation. To take advantage of this limited offer please go to:

http://thelegalist.wix.com/roman-fichman-esq-and-assoc/lawguru2

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Answered on 9/12/13, 9:15 pm


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