# kaal:claim:3411110-030

**Claim.** 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.

**Type.** empirical  **Support.** evidenced

**Holds when.**

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

**Source quote.**

> 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, page 24

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

**Verify.** sha256 of source PDF `c7626eeb7642045b79f8745df1f7232a8fe8bc44a1f7e87b592850e35b392b50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Evans%20-%202019%20-%20Blockchain-Based%20Securities%20Offerings.pdf

**Topics.** blockchain

**Keywords.** delaware, dgcl, state-law, stock-ledger, corporate-records

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