Uniform Corporate Law Act
Section 1. Definitions
i. This law shall be known as the “Uniform Corporate Law Act”
Section 2. Provisions
i. The Southern Region adopts the “Uniform Commercial Code”, except for the provisions that conflict with prior Southern legislation
ii. The Southern Region adopts Title 8 of the Delaware Code.
iii. To enforce the previous clauses, the Southern Region shall establish a “Court of Chancery” modeled after the Delaware Court of Chancery.
Section 3. Enactment
This Law shall come into force on January 1, 2022
Sponsor: reagente
Delaware is widely regarded as having one of the best corporate law regimes. To encourage businesses to incorporate in the South, as well as make it easier for businesses to operate between Southern states, I propose we adopt Delaware's corporate law regionwide.
