Deleware corporation... "There are two major reasons for Delaware’s dominance of the corporate incorporation business. One reason is the bi-partisan political consensus in Delaware to keep the Delaware corporation statute modern and up-to-date, and to rely on Delaware’s corporate law specialists for advice in how to do this. As a result, law students at every law school in the United States study the Delaware corporation statute and the decisions of Delaware courts interpreting that law. ... The other major reason corporations choose to incorporate in Delaware is the quality of Delaware courts and judges. Delaware has a special court, the Court of Chancery, to rule on corporate law disputes without juries. Corporate cases do not get stuck on dockets behind the multitude of non-corporate cases. Instead, Delaware corporations can expect their legal disputes to be addressed promptly and expertly by judges who specialize in corporate law. ... In theory, another state could, besides enacting a corporate statute like Delaware’s, also declare Delaware’s case law legal precedent in their courts to the same extent as in Delaware." ____________________________________________ ____________________________________________

Posted by El Hotepsekhemwy Pero at 2020-12-08 09:04:16 UTC