“Delaware Corporate Law” is considered the gold standard when it comes to corporate law. Delaware Corporate Law is referred to specifically as the Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code).
Over half of the Fortune 500 and U.S. Public Companies are incorporated in Delaware, and it is well documented that Private Equity and Venture Capital Investors prefer investing in Corporations domiciled in Delaware.
What is so special about Delaware Corporate Law? Due to the abundance of companies incorporated in Delaware, the Delaware Court of Chancery has the most well-developed body of corporate case law as compared to any other state in the U.S. This breadth of experience gives to Corporations, Investors and their legal counsel strong guidance, certainty and confidence with regards to the interpretation and application of Delaware Corporate Law.