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Delaware Company Code

Posted on May 17, 2023May 17, 2023 by admin

The Delaware Corporation Code is the set of laws that pertain to corporations and business entities registered in the state of Delaware. Important sections of the code are those on corporations, trade and commerce, counties, courts and judicial processes, probate and fiduciary relationships, state government and state taxes.

The corporations section primarily handles matters related to general corporation law, corporation franchise tax, and professional service corporations. The trade and commerce section touches on the various forms of company incorporation. Provides information on laws relating to partnerships, limited partnerships, and limited liability forms of business entities. This section also details the laws related to secured transactions and uniform commercial code filings, as well as explaining the Delaware Uniform Nonprofit Corporate Association Law.

The counties section provides information that business entities need to know about zoning and other aspects of state and local administration. Courts and legal proceedings is a major section containing three main subsections: Court of Chancery, Service of Process, and Uniform Arbitration Act. The sections on probate and fiduciary relationships essentially mention the treatment of statutory trusts, in addition to other related matters.

The state government section is divided into the two major offices of the Secretary of State and the Department of State. The details informed here of the faculties and rights of the respective offices. The last section on state taxes, which also contains a subsection on corporate tax, is the one of most interest to businesses. This section explains the terminology used and lists the various sources of taxes that arise in the normal course of business in the State of Delaware.

The full code is available for viewing on the official website for the state of Delaware. This and other information available on the website provides corporations with information on the various aspects of doing business in Delaware.

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