Which statement best summarizes the Delaware General Corporation Law?

• The Delaware General Corporation Law and the Court of Chancery function as competing federal agencies of the state’s corporate-law system
• The Delaware General Corporation Law and the Court of Chancery function as complementary parts of the state’s corporate-law system
• The Delaware General Corporation Law and the Court of Chancery function as institutions limited to criminal prosecutions of the state’s corporate-law system
• The Delaware General Corporation Law and the Court of Chancery function as unrelated institutions with no common role of the state’s corporate-law system