Delaware § 705 Revocation for nonuse of charters granted prior to July 1, 1933

Delaware Statutes

§ 705 — Revocation for nonuse of charters granted prior to July 1, 1933

Delaware § 705

JurisdictionDelaware

Title5

PartBanks and Trust Companies

Ch. 7CORPORATION LAW FOR STATE BANKS AND TRUST COMPANIES

Subch.General Provisions

This text of Delaware § 705 (Revocation for nonuse of charters granted prior to July 1, 1933) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 5, § 705 (2026).

Text

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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