Delaware Statutes
§ 705 — Revocation for nonuse of charters granted prior to July 1, 1933
Delaware·Title 5·Part Banks and Trust Companies·Ch. 7 CORPORATION LAW FOR STATE BANKS AND TRUST COMPANIES·Subch. 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.
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Delaware § 705 (Revocation for nonuse of charters granted prior to July 1, 1933) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
32 Del. Laws, c. 103, § 22 ; 38 Del. Laws, c. 93, § 1(8) ; Code 1935, § 2310; 5 Del. C. 1953, § 705
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