SOSC 4043 Lecture Notes - Lecture 21: Delaware General Corporation Law, Bank Holding Company, Fiduciary
10 May 2019
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What is the difference between corporate (i. e. governance) law and regulatory (e. g. In answering this question, try not to get hung up on the particulars of banking law or the peculiarities of federal vs state responsibility for corporate vs banking law in the us. Understand these points in the broader context of the debate above. Banking laws, according to gevurtz, is defined as covering the corporate operation and establishment of banks and the regulation of the financial and related services provided by a bank. Corporate law on the other hand governs the internal affairs of corporations; this includes powers and duties that directors and managers have and the rights and liabilities of shareholders. Gevurtz gives the example of citigroup and says that citigroup is a bank holding company, which means it has subsidiaries that fall under banking laws rather than state corporate law. At the same time, citigroup is incorporate under the general business corporation law of delaware.
