§ 165 — Revocability of preincorporation subscriptions

Unless otherwise provided by the terms of the subscription, a subscription for stock of a corporation to be formed shall be irrevocable, except with the consent of all other subscribers or the corporation, for a period of 6 months from its date.

Legislative History

8 Del. C. 1953, § 165; 56 Del. Laws, c. 50.