HOME
Business Organizations
last updated 03-Sep-2003

 
MATERIA
 
CONEXUS
 
DIALECTICA
 
SYLLABUS

Previous Outline

 

Next Outline

 

 
CLASS NOTES

 

 
I. Corporation Fundamentals
C. Law of Corporations
2. Choice of State of Incorporation
  • foreign corporations 
    • constitutional status 
    • registration / qualification to "do business" 
  • internal affairs doctrine 
    • meaning of internal affairs 
    • judicial nature of rule 
    • exceptions:  pseudo-foreign corporations
  • choice of state of incorporation 
    • practical factors 
    • state competition 
      • "race to the bottom" 
      • "race to the top"
    • preeminence of Delaware -why?
Delaware Profiteering?

The State of Delaware had turned the East Coast's main traffic artery into a sweltering parking lot merely so it could exact a tribute from each driver crossing its miserable little stretch of concrete.

Why? Rogue State

 
Problems

 

Readings
  • Kahan, Marcel and Ehud Kamar.  Price discrimination in the market for corporate law.  86 Cornell L. Rev. 1205-1256 (2001). 
  • Strine, Leo E., Jr.  Delaware's corporate-law system:  is corporate  America buying an exquisitive jewel or a diamond in the rough?  A response to Kahan & Kamar's Price Discrimination in the Market for  Corporate Law.  86 Cornell L. Rev. 1257-1282 (2001).