What is the definition of Dead hand clause? | Dictionary.net

DEAD HAND CLAUSE

\dˈɛd hˈand klˈɔːz], \dˈɛd hˈand klˈɔːz], \d_ˈɛ_d h_ˈa_n_d k_l_ˈɔː_z]\

Definitions of DEAD HAND CLAUSE

1910 - Black's Law Dictionary (2nd edition)

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A provision contained within some POISON PILL defenses preventing the acquisition of the company by another firm even if a majority of shareholders approve of the offer. Only incumbent DIRECTORS can remove the provision.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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