Delaware Code Title 8 Sec. 375 – Failure to file report
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Upon the failure, neglect or refusal of any foreign corporation to file an annual report as required by § 374 of this title, the Secretary of State may, in the Secretary of State’s discretion, investigate the reasons therefor and shall terminate the right of the foreign corporation to do business within this State upon failure of the corporation to file an annual report within any 2-year period.
8 Del. C. 1953, § ?375; 56 Del. Laws, c. 50; 58 Del. Laws, c. 216, § ?1; 71 Del. Laws, c. 339, § ?80; 79 Del. Laws, c. 122, § ?9;
Terms Used In Delaware Code Title 8 Sec. 375
- 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.
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302