Delaware Corporate Law and the Model Business Corporation Act: A Study in Symbiosis
15 Pages Posted: 26 Mar 2011
Date Written: March 25, 2011
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.
Keywords: Delaware, corporation law, corporate law, model business corporation act, corporations
JEL Classification: K22
Suggested Citation: Suggested Citation