Perspective
Aug. 1, 2013
New corporate form in Delaware
This is the first new corporate form with a national scope to be introduced into American law since the LLC in 1977. By Jonathan Storper
A seismic shift has occurred in American corporate law. On Thursday, Delaware will become the 19th state to permit the incorporation of, and merger or conversion into, a benefit corporation. Benefit corporation law has also been enacted in California, New York, New Jersey, Vermont, Maryland, Virginia, Louisiana, South Carolina, Arizona, Arkansas, Colorado, Massachusetts, Nevada, Oregon, Hawaii, Illinois, Rhode Island, Vermont and the District ...
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