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The secretary of state of Delaware is the head of the Department of State of the U.S. state of Delaware. The department is in charge of a wide variety of public and governmental services, and is divided into the following divisions:
Delaware's economy shifted to a manufacturing base in the late 19th century, led by the transformation of the DuPont Company. [1] Modern growth in the financial workforce has overtaken the manufacturing sector in the state's economy. The Delaware General Corporation Law provides a flexible and stable framework for national incorporation. [2]
The Delaware General Corporation Law (sometimes abbreviated DGCL), officially the General Corporation Law of the State of Delaware (Title 8, Chapter 1 of the Delaware Code), is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. [1] The statute was adopted in 1899.
Nearly 2.2 million entities — "more than ever," Meyer said — are registered in Delaware, including two-thirds of all Fortune 500 companies, according to the state's Division of Corporations.
The Department of Corporations was originally known as the "State Corporation Department" and was created by the "Investment Companies Act". [1] Governor Hiram Johnson appointed H.L. Carnahan as California's first Commissioner of Corporations in 1914. The Investment Companies Act faced immediate opposition but was approved by the voters in a ...
In Delaware, the secretary of state oversees the Delaware Office of Veterans Services. [17] In Illinois, the secretary of state is ex officio Clerk of the Court of Claims. [18] In addition, the secretary of state is responsible for the enforcement of state motor vehicle theft statutes and the regulation of the automotive industry. [19]
The state of Delaware is the place of incorporation for over 60 per cent of Fortune 500 corporations. [15] In 1999, from 6,530 publicly traded nonfinancial firms in the US, 3,771 (57.75%) were incorporated in Delaware, 283 (4.33%) in California, and 226 (3.46%) in New York. [16]
One other measure from the US Census Bureau showed that business applications from corporations in Delaware dropped 8.5% between December 2022 and December 2023, according to IRS filings, after ...