Delaware Code Title 8 Sec. 166 – Formalities required of stock subscriptions
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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.
8 Del. C. 1953, § ?166; 56 Del. Laws, c. 50; 71 Del. Laws, c. 339, § ?23;
Terms Used In Delaware Code Title 8 Sec. 166
- 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.