The Bylaw Puzzle in Delaware Corporate Law
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Delaware and the Market for Llc Law: a Theory of Contractibility and Legal Indeterminacy
Incorporating in Delaware can be expensive. Corporations pay up to $180,000 annually for this simple privilege—a figure that is substantially higher than incorporation in any other state. In their controversial article, Price Discrimination in the Market for Corporate Law, Professors Marcel Kahan and Ehud Kamar show that Delaware’s ability to charge a premium for incorporations, in the form of ...
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