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This bankruptcy was filed in Texas. How would the corporate charter affect the fairness of how the auction was conducted?
by maxlybbert 2y ago
This bankruptcy was filed in Texas.
How would the corporate charter affect the fairness of how the auction was conducted?
- a12k 2y agoI don’t know in this case specifically. In the typical case though I’ve seen corporate charters enhance fiduciary duties, I’ve seen them specify auction procedures, I’ve seen them give certain classes certain rights, and most importantly for this case I’ve seen them define corporate governance during the auction sale. So potentially has massive implications for the auction and its fairness.