The Delaware state legislature has updated the Delaware General Corporation Law for 2009 to provide additional indemnity protection for directors.  Delaware corporation law is important to businesses throughout North America because the Delaware Court of Chancery (a special business court) and the Delaware Supreme Court are the source of most common law on corporations, and the legislatures and courts throughout the United States and many countries throughout the Caribbean and some Latin American countries look to Delaware court decisions for guidance.  276 more words