{"data":{"id":"us-de/8-del.-c.-345","jurisdiction":"us-de","citation":"8 Del. C. § 345","heading":"Limitations on continuation of close corporation status.","body":"A close corporation continues to be such and to be subject to this subchapter until:\n(1) It files with the Secretary of State a certificate of amendment deleting from its certificate of incorporation the provisions required or permitted by § 342 of this title to be stated in the certificate of incorporation to qualify it as a close corporation; or\n(2) Any 1 of the provisions or conditions required or permitted by § 342 of this title to be stated in a certificate of incorporation to qualify a corporation as a close corporation has in fact been breached and neither the corporation nor any of its stockholders takes the steps required by § 348 of this title to prevent such loss of status or to remedy such breach.","path":["Title 8. Corporations","CHAPTER 1. General Corporation Law","Subchapter XIV. Close Corporations; Special Provisions"],"source_url":"https://delcode.delaware.gov/title8/c001/sc14/index.html#345","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:10Z","sha256":"25abb5c725e1b8cf5affda7e064ac62074ce435a823a7886503004ac7fa37fe2","source_id":"us-de","stale":true,"prev":"us-de/8-del.-c.-344","next":"us-de/8-del.-c.-346"},"notice":"GroundRules: Original legal text. Not legal advice."}