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9 Legal Information Alert 1 (1990)

handle is hein.lbr/leinfal0009 and id is 1 raw text is: Vhat's new in legal publications, databases and research techniques Volume 9, No.. 1 January 1990 Contents Delaware Corporation Law and Research For Your Information Database News New Publications 1 5 6 7 Publishers 14 Index 16 Delaware Corporation Law Bibliography S1-S4 Delaware Corporation Law and Research: An Interview with Samuel A. Nolen By Jean D. Winstead Small companies as well as Fortune 500 companies choose to incorporate in the state of Delaware. To find out why Delaware plays a leadingrole in corporation law, the ALERT interviewed Samuel A. Nolen, a partner in the Wilmington law firm of Richards, Layton & Finger, which has been involved in many of the important Delaware cases. A bibliography of the most important sources for research on Delaware corporation law appears as a pull-out supplement. ALERM What is so important about Delaware corporation law? Nolen: Delaware's General Corporation Law is tremendously important be- cause there are so many Delaware corporations. At last count there were over 192,000 Delaware corporations. These include a large percentage of the corpo- rations listed on the major stock exchanges and a substantial portion of the largest U.S. industrial corporations. The General Corporation Law governs the internal affairs of these companies by virtue of their incorporation here. The Delaware statutes and case law define their powers and the rights and duties of their various constituencies. Although these corporations may not have their operations here, Delaware's General Corporation Law provides the central framework for their legal existence. For this reason it has been said that Delaware's corporation law is effectively a national corporation law. Increasingly, other states look to our law as a guide to their own laws. Delaware has become the model to follow. Delaware law has really been brought to the forefront in the 1980s because of the rapid pace of takeover activity and the fact that many, if not most, of the major takeover cases have had a Delaware aspect. So in this area particularly, Delaware courts and Delaware law have become the objects of nationwide focus. ALERT. Generally we hear that the Delaware corporation laws are more favor- able than other states'. What specifically makes it so favorable? Nolen: A number of factors combine to make Delaware attractive as a forum of choice for incorporation. The General Corporation Law is one factor; Delaware's court system is another; its business climate is a third; and the stable, extensive (continued on page 3) Volume 9, Mo. I January 1990 Vhat's new in legal publications, databases and research techniques

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