The State of Delaware has, since the ’20s, enjoyed the privilege of being the place of incorporation of over one-half of the country’s largest, publicly traded corporations. There has been a tremor in the legal rules that underlie the foundation of this structure. Does the tremor forebode a larger quake?
Corporations that have no business dealings in Delaware often elect to incorporate in Delaware, choosing to be governed by Delaware’s corporate code and by Delaware case law for its pre-eminent business court, the Delaware Court of Chancery.
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