Delaware and a very nice annuity in place. Delaware had a long history of charging reasonable incorporation license fees in exchange for a century of corporate law rulings that followed Delaware corporate statutory law and had precedential case law to provide certainty for corporate management. But Delaware went woke and then started to use social justice concepts to overturn prior precedent and voila, big companies decided to spend their annual corporation license fees elsewhere. Go figure. And guess who gets to decide the constitutionality of the new law reigning her in? So, the Delaware General Assembly with large democratic majority in both their senate and house with a dem governor wanted to keep the annuity going but not the social justice warrior judge who knows best.
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Delaware and a very nice annuity in place. Delaware had a long history of charging reasonable incorporation license fees in exchange for a century of corporate law rulings that followed Delaware corporate statutory law and had precedential case law to provide certainty for corporate management. But Delaware went woke and then started to use social justice concepts to overturn prior precedent and voila, big companies decided to spend their annual corporation license fees elsewhere. Go figure. And guess who gets to decide the constitutionality of the new law reigning her in? So, the Delaware General Assembly with large democratic majority in both their senate and house with a dem governor wanted to keep the annuity going but not the social justice warrior judge who knows best.