5 Del. C. § 705
This is the official text of 5 Del. C. § 705, part of Delaware’s Del. C — part of the compiled statutory law of Delaware, published by the state as "Del. C." Browse the sections below, each linked to its official government source.
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§ Â 705. Revocation for nonuse of charters granted prior to July 1, 1933.
Official statutory text
Every charter authorizing the establishment of a bank or trust company in this State and which was granted or passed by the General Assembly of this State prior to the 1st day of July, 1933, shall be deemed and held to be revoked for nonuse of corporate franchise unless the corporation created or authorized by such charter was actively engaged in business in this State on December 31, 1933.
Status: in_force · Read it on the official government site
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