Corporate GovernanceJul 15, 2026, 04:27 PM
Visa Amends Bylaws for Exclusive Forum Provisions
AI Summary
Visa Inc.'s Board of Directors amended its Amended and Restated Bylaws, effective July 14, 2026. The amendments designate the Court of Chancery of the State of Delaware as the exclusive forum for certain actions against the company. Additionally, federal district courts of the United States are designated as the exclusive forum for claims under the Securities Act of 1933, unless the company provides written consent for an alternative forum.
Key Highlights
- Visa Inc. Board amended its Amended and Restated Bylaws, effective July 14, 2026.
- Delaware Court of Chancery designated as exclusive forum for certain actions against the company.
- Federal district courts designated as exclusive forum for claims under the Securities Act of 1933.
- Exclusive forum provisions apply unless Visa Inc. provides written consent for an alternative.
Price Impact
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