The State Competition Debate in Corporate Law

  title={The State Competition Debate in Corporate Law},
  author={Roberta Romano},
A perennial issue in corporate law reform is the desirability of a federal system. For notwithstanding the invasive growth of regulation by the national government, principally through the federal securities laws, corporate law is still the domain of the states. While no two corporation codes are identical, there is substantial uniformity across the states. Provisions typically spread in a discernible S-shaped pattern, as one state amends its code in response to another state's innovation.' The… 

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at 6, col. 1 (corporate raider to establish group to lobby for shareholder rights)

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