Delaware Corporate Law and the Model Business Corporation Act: A Study in Symbiosis

15 Pages Posted: 26 Mar 2011  

Jeffrey M. Gorris

Friedlander & Gorris, P.A.

Lawrence A. Hamermesh

Widener University Delaware Law School

Leo E. Strine Jr.

Government of the State of Delaware - Supreme Court of Delaware; Harvard Law School; University of Pennsylvania Law School

Date Written: March 25, 2011

Abstract

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

Gorris, Jeffrey M. and Hamermesh, Lawrence A. and Strine, Leo E., Delaware Corporate Law and the Model Business Corporation Act: A Study in Symbiosis (March 25, 2011). Law and Contemporary Problems, Vol. 74, p. 107, 2011; Widener Law School Legal Studies Research Paper No. 11-15. Available at SSRN: https://ssrn.com/abstract=1795310

Jeffrey M. Gorris

Friedlander & Gorris, P.A. ( email )

222 Delaware Avenue, Suite 1400
Wilmington, DE 19801
United States

Lawrence A. Hamermesh (Contact Author)

Widener University Delaware Law School ( email )

4601 Concord Pike
Wilmington, DE 19803-0406
United States
302-477-2132 (Phone)
302-477-2257 (Fax)

Leo E. Strine Jr.

Government of the State of Delaware - Supreme Court of Delaware ( email )

820 N. French Street
P.O. Box 1997
Wilmington, DE 19801
United States

Harvard Law School ( email )

1563 Massachusetts Ave
Cambridge, MA 02138
United States

University of Pennsylvania Law School ( email )

3501 Sansom Street
Philadelphia, PA 19104
United States

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