‘Simmons on Delaware as a De Facto Federal Agency’

“Last week, I blogged about the dominance of Delaware organizational law and its implications for the laws of other states. Which is why I was so interested to when Omari Scott Simmons posted his new paper, ‘The Federal Option: Delaware as De Facto Agency’, which takes a (sort of) different view. He argues that Delaware has become de facto federal agency, delegated by the federal government the power to make corporate law nationally, and that this system works well for now, though there might be circumstances where federal chartering – and the structural oversight that would come with it – might be appropriate …” (more)

[Ann Lipton, Business Law Prof Blog, 27 February]

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