Delaware General Corporation Law

Author: Bian Yaowu
Publisher:
Publish Date: 2001-03-01
Features: The Company Law of China, formulated at the end of 1993, was designed to adapt to the needs of the modern corporate system and to promote the development of the socialist market economy. The U.S. Delaware General Corporation Law translated here is provided as a reference for comparative study with China's Company Law. In this context, we compare the Company Laws of China and the State of Delaware in the United States, focusing solely on the advantage of the corporate form of capital organization in separating ownership and management rights, thereby facilitating the separation of government and enterprise. The Delaware Company Law can also represent, in major aspects, the corporate laws of developed Western countries.