Delaware corporation

Uncommon card · No. 189785

Corporations in the U.S. state of Delaware are regulated through the Delaware General Corporation Law (DGCL), officially the General Corporation Law of the State of Delaware (Title 8, Chapter 1 of the Delaware Code). The statute was adopted on March 10, 1899. Since the 1913 reforms in New Jersey under the governorship of Woodrow Wilson, Delaware has become the most prevalent jurisdiction in United States corporate law and has been described as the de facto corporate capital of the United States. Delaware is considered a corporate haven because of its business-friendly corporate laws compared to most other U.S. states. 66% of the Fortune 500, including Walmart and Amazon (two of the world's largest companies by revenue) are incorporated (and therefore have their domiciles for service of process purposes) in the state. Over half of all publicly traded corporations listed in the New York Stock Exchange (including its owner, Intercontinental Exchange) are incorporated in Delaware. The statute...

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