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2. Delaware General Corporation Law - Wikipedia

   en.wikipedia.org/wiki/Delaware_General...

   The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. [ 1] The statute was adopted in 1899. Since then, Delaware has become the most prevalent jurisdiction in United States corporate law and has been described as the de facto ...

3. Conglomerate (company) - Wikipedia

   en.wikipedia.org/wiki/Conglomerate_(company)

   v. t. e. A conglomerate ( / kəŋˈɡlɒmərət /) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries under one corporate group. [ 1] A conglomerate usually has a parent company that owns and controls many subsidiaries, which are legally independent but ...

4. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   Auriga Capital Corp), [20] parties to an LLC remain free to expand, restrict, or eliminate fiduciary duties in their LLC agreements (subject to the implied covenant of good faith and fair dealing). [21] Under 6 Del. C. Section 18-101(7), a Delaware LLC operating agreement can be written, oral or implied.

5. Smith v. Van Gorkom - Wikipedia

   en.wikipedia.org/wiki/Smith_v._Van_Gorkom

   Smith v. Van Gorkom 488 A.2d 858 ( Del. 1985) [ 1] is a United States corporate law case of the Delaware Supreme Court, discussing a director's duty of care. It is often called the "Trans Union case". Van Gorkom is sometimes referred to as the most important case regarding business organizations because it shows a unique scenario when the board ...

6. Delaware statutory trust - Wikipedia

   en.wikipedia.org/wiki/Delaware_statutory_trust

   No legal recognition of statutory trusts existed until the passage of the Delaware Statutory Trust Act (DSTA), 12 Del. C. 3801 et. Seq., in 1988. [6] Under The Act, developed on the premise of trust law , [ 7 ] statutory trusts were now recognized as their own legal entity, separate from their trustee(s), [ 8 ] offering freedom from the ...

7. Joint-stock company - Wikipedia

   en.wikipedia.org/wiki/Joint-stock_company

   v. t. e. A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). [ 1] Shareholders are able to transfer their shares to others without any effects to the continued ...