Courts in Delaware

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Courts in Delaware include Delaware's state court system and one federal district court.

State courts

The Delaware Constitution establishes a number of courts:

Minor non-constitutional courts include the Justice of the Peace Courts and Aldermen's Courts.

Significantly, Delaware has one of the few remaining Courts of Chancery in the nation, which has jurisdiction over equity cases, the vast majority of which are corporate disputes, many relating to mergers and acquisitions. The Court of Chancery and the Supreme Court have developed a worldwide reputation for rendering concise opinions concerning corporate law which generally (but not always) grant broad discretion to corporate boards of directors and officers. In addition, the Delaware General Corporation Law, which forms the basis of the Courts' opinions, is widely regarded as giving great flexibility to corporations to manage their affairs. For these reasons, Delaware is considered to have the most business-friendly legal system in the United States; therefore a great number of companies are incorporated in Delaware, including 60% of the companies listed on the New York Stock Exchange. [1]

Federal courts

The federal district court in Delaware is the United States District Court for the District of Delaware. Decisions of this court are appealed to the Third Circuit.

References

  1. "Division of Corporations - About Agency". Delaware Division of Corporations. Archived from the original on 2007-02-28. http://web.archive.org/web/20070228002805/http://www.state.de.us/corp/aboutagency.shtml. Retrieved on 2007-03-09.  Note: replacement current URL (2008-07-23) is http://www.corp.delaware.gov/aboutagency.shtml .

Portions of this article were taken from Wikipedia under the GNU license.

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