Document Type

Article

Publication Title

University of Pennsylvania Law Review

Abstract

The sovereign state of Delaware is in the business of selling its corporation law. This is profitable business, for corporation law is a good commodity to sell. The market is large, and relatively few producers compete on a national scale. The consumers of this commodity are corporations, and as we shall see, Delaware, like any other good businessman, tries to give the consumer what he wants. In fact, those who will buy the product are not only consulted about their preferences, but are also allowed to design the product and run the factory. Delaware from time to time redesigns and improves its product to keep ahead of the competition. In 1963, Delaware felt compelled to do just that. The second passage quoted above is the preamble to a statute appropriating $25,000 to study and recommend revisions to Delaware's corporation law. This Comment will describe the process used to redesign the law, and discuss some of the features of the finished product. Finally, the Comment will evaluate the consequences of the revision for the "non-consumer" public.

First Page

861

DOI

https://doi.org/10.2307/3312330

Volume

117

Publication Date

1969

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