zlacker

> It says precisely what Musk claims it says.

Almost. Musk uses an ellipsis in his copy in the text that elides some text that is rather detrimental to his claims:

> In furtherance of its purposes, the corporation shall engage in any lawful act of activity for which nonprofit corporations may be organized under the General Corporation Law of Delaware.

>>jcranm+(OP)
> In furtherance of its purposes

>>jcranm+(OP)
Eh. That's boilerplate and is probably in every charter of every organization incorporated in Delaware.

>>otterl+Lf
How do you know if it's boilerplate? Can you fetch it for me?

>>jakder+Yq
If it’s boilerplate than GPT is probably very well trained on it and could recite it quite easily.

>>jakder+Yq
§102 (a) (3) in https://delcode.delaware.gov/title8/title8.pdf reads:

> The certificate of incorporation shall set forth [..] the nature of the business or purposes to be conducted or promoted. It shall be sufficient to state [..] that the purpose of the corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of Delaware [..].

>>otterl+Lf
So? Boilerplate is there for a reason, usually because previous lawsuits or decisions made it clear that that boilerplate needs to be there for protecting against specific things.

And if the argument is "its just boilerplate, the court shouldn't take it seriously", that's an argument I can get behind for something like a EULA - but not for an article incorporating a non-profit whose signatories include incredibly rich and high-profile individuals, who either had their lawyers comb over this contract, or should've done so. "I didn't realize what I was signing" is not a particularly valid excuse coming from Elon Musk.