Since the price peak in 2006, home values have fallen more than 30%, leaving millions of Americans with negative equity in their homes. Until the Supreme Court's 1993 decision in Nobelman v. American Savings Bank, the bankruptcy system would have provided many such homeowners with a remedy. They...

Since the adoption of Uniform Commercial Code Article 9 in American jurisdictions in the 1960s, scholars have debated the desirability of the extraordinary priority given to secured creditors. Through a point-by-point comparison of English and American security interests, this article provides a...

This Article proposes and describes operationally a rule-based method for comparing corporate or other entity laws. The method consists of six steps. The first step is to create a hypothetical fact scenario that raises the aspect of corporate law that is of interest to the researchers. The...

Delaware dominates the competition to sell corporate charters. Leading scholars consider that dominance so great as to be irreversible. This book chapter argues that the advent of arbitration bylaws makes reversal not merely possible, but likely.Delaware's competitive advantage results almost...

This manuscript is the first chapter from a law school casebook in the Aspen Casebook Series. The casebook, Business Associations: A Systems Approach, is scheduled for publication on September 15, 2020. The book is grounded in the understanding that corporations, partnerships, LLCs, and limited...

VisiLaw is a system for marking statutes to make them easier to read. This paper contains a short introduction to VisiLaw and a complete, VisiLaw-marked, copy of the Delaware General Corporation Law. The corporation law is current through end of the legislative session on June 30, 2019. It...