kaal:claim:3411110-030

Delaware's 2017 amendment to the Delaware General Corporation Law recognizing distributed electronic networks or databases as a valid means of creating and maintaining corporate records, including the stock ledger, is the leading state law accommodation of blockchain.

Source quote, verbatim

Most notably, Delaware amended the Delaware General Corporate Law (DGCL) in 2017 to use "distributed electronic networks or databases" to create and maintain corporate records.

From

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), V.2 State Law, p. 24
https://ssrn.com/abstract=3411110 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

Holds when

Delaware corporate law after the 2017 DGCL amendment
records must be convertible into legible paper form

Classification

empiricalsupport: evidencedblockchain

Verify

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