BUSINESS
05/22/2009 05:12 am ET | Updated May 25, 2011

North Dakota: Delaware Incorporations Coming To State

Delaware has long been home to a wide range of corporations, and according to the state's own site, over 60% of the Fortune 500 are incorporated in the state, even though the vast majority are technically based somewhere else.

But this year, Delaware is getting some competition from a seemingly unlikely place: North Dakota, which enacted what is widely considered to be a shareholder friendly law in 2007, called the North Dakota Publicly Traded Corporations Act. According to this article in the WSJ back in December, the new law makes it easier for shareholders to nominate their own slate of board members and vote on things like executive pay.

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