§ 166 — Formalities required of stock subscriptions

A subscription for stock of a corporation, whether made before or after the formation of a corporation, shall not be enforceable against a subscriber, unless in writing and signed by the subscriber or by such subscriber’s agent.

Legislative History

8 Del. C. 1953, § 166; 56 Del. Laws, c. 50 ; 71 Del. Laws, c. 339, § 23