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Shareholder v. Stockholder-which term is preferred in Delaware?


Although this short post does not qualify as breaking news, it will be a useful reminder for some:

The Delaware Court of Chancery prefers “stockholder” as the term uniformly used in the Delaware General Corporation Law for those owning a corporation, though in the past, especially prior to the 2010 DGCL amendments, there were inconsistent references–and court decisions in the past have not always been scrupulous in observing the distinction. See generally In Re Adams Golf Shareholder Litigation, C.A. No. 7354-VCL, transcript (Del. Ch. Oct. 3, 2012) (yes, that’s 10 years ago.)

Shout out to The Chancery Daily for this observation.


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