Delaware Code Title 14 Sec. 5101 – Corporate status, membership and perpetuity
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(a) The University of Delaware, hereinafter referred to as “the University,” is continued as a corporation and, as such, shall have perpetual succession and existence.
Terms Used In Delaware Code Title 14 Sec. 5101
- 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.
(b) The members of the Board of Trustees of the University shall constitute the membership of the corporation.
Code 1852, §§ ?775, 781; 13 Del. Laws, c. 513, §§ ?l, 6; 18 Del. Laws, c. 625; 25 Del. Laws, c. 108; 26 Del. Laws, c. 122; 27 Del. Laws, c. 117, § ?1; Code 1915, §§ ?2327, 2339; 32 Del. Laws, c. 166, § ?1; Code 1935, §§ ?2768, 2781; 14 Del. C. 1953, § ?5101;