Delaware Court of Chancery

The Delaware Court of Chancery is a court of equity in the U.S. state of Delaware. It is one of Delaware's three constitutional courts, along with the Supreme Court and Superior Court. Until 1939, the court consisted of a single chancellor. Since 2018, the court consists of a chancellor and six vice-chancellors, with 4-3 "major-party" rule. The court of equity was first established in 1792, in a constitution heavily influenced by the ideas of John Dickinson and George Read. The court sits without a jury, with cases tried before a chancellor or vice-chancellor. The court is known for being a hub for corporate governance litigation in the United States, as two-thirds of Fortune 500 companies are incorporated in Delaware. It is among the preeminent business courts in the world, with a more-developed body of case law than other states.