Delaware Corporate Law and the Model Business Corporation Act: A Study in Symbiosis
Jeffrey M. Gorris
Morris, Nichols, Arsht & Tunnell, Attorneys At Law
Lawrence A. Hamermesh
Widener University School of Law
Leo E. Strine Jr.
Government of the State of Delaware - Court of Chancery
March 25, 2011
Law and Contemporary Problems, Vol. 74, p. 107, 2011
Widener Law School Legal Studies Research Paper No. 11-15
Despite criticism of Delaware’s corporate statutes by the drafters of the original Model Business Corporation Act (MBCA), there has been a constructive symbiosis between the MBCA and Delaware’s corporation law, including its statutory component: each set of statutes has been informed by drafting and case-law experience generated under the other; especially in recent years, Delaware’s legislature and judiciary have initiated important new elements of corporate law, subsequently adopted by the MBCA; and the MBCA’s more deeply deliberative style has led to useful refinements of Delaware law.
Number of Pages in PDF File: 15
Keywords: Delaware, corporation law, corporate law, model business corporation act, corporations
JEL Classification: K22Accepted Paper Series
Date posted: March 26, 2011
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