Delaware Code Title 8 Sec. 314 – Status of corporation
Current as of: 2023 | Check for updates
|
Other versions
Any corporation desiring to renew, extend and continue its corporate existence shall, upon complying with applicable constitutional provisions of this State, continue as provided in its certificate effecting the foregoing as a corporation and shall, in addition to the rights, privileges and immunities conferred by its charter, possess and enjoy all the benefits of this chapter, which are applicable to the nature of its business, and shall be subject to the restrictions and liabilities by this chapter imposed on such corporations.
8 Del. C. 1953, § ?314; 56 Del. Laws, c. 50; 80 Del. Laws, c. 265, § 15;
Terms Used In Delaware Code Title 8 Sec. 314
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.