Delaware General Corporation Law

Delaware General Corporation Law (DGCL) is a set of laws created to help companies set up and run their businesses. These laws lay out the rules and regulations that help a business create a corporation (or company) and outlines what is necessary for the corporation to thrive. Some of the things the DGCL covers include the structure of the company, the rights and responsibilities of shareholders, and the legal rules that protect shareholders from possible harm from the company. The DGCL helps make sure that companies stay organized, are run fairly, and protect the business and its shareholders.