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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

5 Del. C. § 705: Revocation for nonuse of charters granted prior to July 1, 1933.

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Where this section sits in the code
  1. Title 5. Banking
  2. Banks and Trust Companies
  3. CHAPTER 7. Corporation Law for State Banks and Trust Companies
  4. Subchapter I. General Provisions

Every charter authorizing the establishment of a bank or trust company in this State and which was granted or passed by the General Assembly of this State prior to the 1st day of July, 1933, shall be deemed and held to be revoked for nonuse of corporate franchise unless the corporation created or authorized by such charter was actively engaged in business in this State on December 31, 1933.

Collected 2026-09-05T23:02:04Z. Source file · JSON

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