Delaware § 1522 Revocation of charter for failure to commence business within 6 months

Delaware Statutes

§ 1522 — Revocation of charter for failure to commence business within 6 months

Delaware § 1522

JurisdictionDelaware

Title5

PartBanks and Trust Companies

Ch. 15CREDIT CARD INSTITUTIONS

Subch.Formation

This text of Delaware § 1522 (Revocation of charter for failure to commence business within 6 months) 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, § 1522 (2026).

Text

Every corporation created under this chapter shall within 6 months from the date of its incorporation be actively engaged in the business for which it was created or its certificate of incorporation and corporate franchise shall be deemed and held to be revoked.

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