Although every state has its own corporate law, here we focus on the Delaware corporate law. We do this for one very important reason: the vast majority of public corporations and a significant number of private corporations are incorporate in Delaware. Because of the ubiquity of the Delaware corporation, the Delaware corporate law has become a de facto standard for the United States. Whether you ultimately end up practicing law in Massachusetts, New York, California, or London, your practice will regularly engage with Delaware corporations. As a consequence, having a strong working-knowledge of the Delaware corporate code will be vital to a successful corporate law practice.

In the following sections we will walk through the code and apply its principles.

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