Delaware General Corporation Law
E519144
Delaware General Corporation Law is the primary statutory framework governing the formation, governance, and fiduciary duties of corporations incorporated in the state of Delaware.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
business corporations law
ⓘ
corporate statute ⓘ state statute ⓘ |
| appliesTo | corporations incorporated in Delaware regardless of principal place of business ⓘ |
| codifiedIn | Title 8 of the Delaware Code NERFINISHED ⓘ |
| enactedBy | Delaware General Assembly NERFINISHED ⓘ |
| governsEntityType |
Delaware corporations
NERFINISHED
ⓘ
closely held corporations incorporated in Delaware ⓘ public corporations incorporated in Delaware ⓘ |
| hasSection |
Section 102
ⓘ
Section 141 ⓘ Section 144 ⓘ Section 145 ⓘ Section 203 ⓘ Section 228 ⓘ Section 242 ⓘ Section 251 ⓘ Section 262 ⓘ Section 327 ⓘ |
| influences | U.S. corporate law practice ⓘ |
| jurisdiction | State of Delaware NERFINISHED ⓘ |
| keyConcept |
business judgment rule (as developed in case law applying the statute)
ⓘ
fiduciary duty of care ⓘ fiduciary duty of loyalty ⓘ stockholder franchise ⓘ |
| language | English ⓘ |
| legalSystem | common law system of Delaware ⓘ |
| primaryFunction |
define fiduciary duties of directors and officers
ⓘ
govern corporate governance ⓘ govern formation of corporations ⓘ govern internal affairs of corporations ⓘ regulate corporate finance and capital structure ⓘ regulate mergers and acquisitions ⓘ regulate shareholder rights ⓘ |
| shortName | DGCL NERFINISHED ⓘ |
| subjectMatter |
anti-takeover provisions
ⓘ
appraisal rights ⓘ asset sales ⓘ board of directors ⓘ bylaws ⓘ consolidations ⓘ corporate charters ⓘ derivative suits ⓘ director and officer indemnification ⓘ director elections ⓘ dissolution ⓘ interested director transactions ⓘ mergers ⓘ shareholder meetings ⓘ shareholder voting ⓘ |
Referenced by (9)
Full triples — surface form annotated when it differs from this entity's canonical label.