Source: http://delcode.delaware.gov/title8/c001/sc18/
Timestamp: 2018-03-23 02:59:04
Document Index: 379598870

Matched Legal Cases: ['§ 391', '§ 392', '§ 393', '§ 394', '§ 395', '§ 396', '§ 397', '§ 398', '§ 2318', '§ 501', '§ 391', '§ 31', '§ 1', '§ 14', '§ 8', '§ 9', '§ 18', '§ 1', '§ 1', '§ 65', '§ 4', '§ 4', '§ 12', '§ 2', '§ 13', '§ 1', '§ 11', '§ 2', '§ 1', '§ 3', '§ 1', '§ 1', '§ 2', '§ 1', '§ 21', '§ 1', '§ 34', '§ 30', '§ 89', '§ 12', '§ 8', '§ 1', '§ 2', '§ 7', '§ 1', '§ 39', '§ 67', '§ 15', '§ 12', '§ 16', '§ 11', '§ 15', '§ 392', '§ 393', '§ 393', '§ 11', '§ 394', '§ 394', '§ 11', '§ 395', '§ 1841', '§ 10', '§ 1467', '§ 1841', '§ 10', '§ 1467', '§ 1841', '§ 10', '§ 1467', '§ 1841', '§ 10', '§ 1467', '§ 1841', '§ 10', '§ 1467', '§ 395', '§ 1', '§ 68', '§ 92', '§ 13', '§ 16', '§ 11', '§ 396', '§ 396', '§ 94', '§ 11', '§ 397', '§ 397', '§ 11', '§ 398', '§ 398', '§ 11']

TITLE 8 - CHAPTER 1. GENERAL CORPORATION LAW - Subchapter XVIII. Miscellaneous Provisions
§ 391 § 392 § 393 § 394 § 395 § 396 § 397 § 398
Subchapter XVIII. Miscellaneous Provisions
(11) For issuing any certificate of the Secretary of State other than a certification of a copy under paragraph (a)(10) of this section, or a certificate that recites all of a corporation's filings with the Secretary of State, a fee of $50 shall be paid for each certificate. For issuing any certificate of the Secretary of State that recites all of a corporation's filings with the Secretary of State, a fee of $175 shall be paid for each certificate.
(16) For preparing and providing a written report of a record search, a fee of $50 shall be paid.
(b)(1) For the purpose of computing the fee prescribed in paragraphs (a)(1), (2), (4) and (28) of this section the authorized capital stock of a corporation shall be considered to be the total number of shares which the corporation is authorized to issue, whether or not the total number of shares that may be outstanding at any 1 time be limited to a less number.
(2) For the purpose of computing the fee prescribed in paragraphs (a)(2), (3) and (28) of this section, a certificate of amendment of certificate of incorporation, or an amended certificate of incorporation before payment of capital, or a restated certificate of incorporation, or a certificate of validation, shall be considered as increasing the authorized capital stock of a corporation provided it involves an increase in the number of shares, or an increase in the par value of shares, or a change of shares with par value into shares without par value, or a change of shares without par value into shares with par value, or any combination of 2 or more of the above changes, and provided further that the fee computed at the rates set forth in paragraph (a)(1) of this section upon the total authorized capital stock of the corporation including the proposed change or changes exceeds the fee so computed upon the total authorized stock of the corporation excluding such change or changes.
(c) The Secretary of State may issue photocopies or electronic image copies of instruments on file, as well as instruments, documents and other papers not on file, and for all such photocopies or electronic image copies which are not certified by the Secretary of State, a fee of $10 shall be paid for the first page and $2.00 for each additional page. Notwithstanding Delaware's Freedom of Information Act (Chapter 100 of Title 29) or any other provision of law granting access to public records, the Secretary of State upon request shall issue only photocopies or electronic image copies of public records in exchange for the fees described in this section, and in no case shall the Secretary of State be required to provide copies (or access to copies) of such public records (including without limitation bulk data, digital copies of instruments, documents and other papers, databases or other information) in an electronic medium or in any form other than photocopies or electronic image copies of such public records in exchange, as applicable, for the fees described in this section or § 2318 of Title 29 for each such record associated with a file number.
(d) No fees for the use of the State shall be charged or collected from any corporation incorporated for the drainage and reclamation of lowlands or for the amendment or renewal of the charter of such corporation.
(e) The Secretary of State may in the Secretary of State's discretion permit the extension of credit for the fees required by this section upon such terms as the Secretary of State shall deem to be appropriate.
(f) The Secretary of State shall retain from the revenue collected from the fees required by this section a sum sufficient to provide at all times a fund of at least $500, but not more than $1,500, from which the Secretary of State may refund any payment made pursuant to this section to the extent that it exceeds the fees required by this section. The fund shall be deposited in the financial institution which is the legal depository of state moneys to the credit of the Secretary of State and shall be disbursable on order of the Secretary of State.
(g) The Secretary of State may in the Secretary of State's discretion charge a fee of $60 for each check received for payment of any fee or tax under Chapter 1 or Chapter 6 of this title that is returned due to insufficient funds or as the result of a stop payment order.
(h) In addition to those fees charged under subsections (a) and (c) of this section, there shall be collected by and paid to the Secretary of State the following:
(1) For all services described in subsection (a) of this section that are requested to be completed within 30 minutes on the same day as the day of the request, an additional sum of up to $7,500 and for all services described in subsections (a) and (c) of this section that are requested to be completed within 1 hour on the same day as the day of the request, an additional sum of up to $1,000 and for all services described in subsections (a) and (c) of this section that are requested to be completed within 2 hours on the same day as the day of the request, an additional sum of up to $500; and
(2) For all services described in subsections (a) and (c) of this section that are requested to be completed within the same day as the day of the request, an additional sum of up to $300; and
(3) For all services described in subsections (a) and (c) of this section that are requested to be completed within a 24-hour period from the time of the request, an additional sum of up to $150.
(i) A domestic corporation or a foreign corporation registered to do business in this State that files with the Secretary of State any instrument or certificate, and in connection therewith, neglects, refuses or fails to pay any fee or tax under Chapter 1 or Chapter 6 of this title shall, after written demand therefor by the Secretary of State by mail addressed to such domestic corporation or foreign corporation in care of its registered agent in this State, cease to be in good standing as a domestic corporation or registered as a foreign corporation in this State on the ninetieth day following the date of mailing of such demand, unless such fee or tax and, if applicable, the fee provided for in subsection (g) of this section are paid in full prior to the ninetieth day following the date of mailing of such demand. A domestic corporation that has ceased to be in good standing or a foreign corporation that has ceased to be registered by reason of the neglect, refusal or failure to pay any such fee or tax shall be restored to and have the status of a domestic corporation in good standing or a foreign corporation that is registered in this State upon the payment of the fee or tax which such domestic corporation or foreign corporation neglected, refused or failed to pay together with the fee provided for in subsection (g) of this section, if applicable. The Secretary of State shall not accept for filing any instrument authorized to be filed with the Secretary of State under this title in respect of any domestic corporation that is not in good standing or any foreign corporation that has ceased to be registered by reason of the neglect, refusal or failure to pay any such fee or tax, and shall not issue any certificate of good standing with respect to such domestic corporation or foreign corporation, unless and until such domestic corporation or foreign corporation shall have been restored to and have the status of a domestic corporation in good standing or a foreign corporation duly registered in this State.
(j) As used in this section, the term "exempt corporation" shall have the meaning given to it in § 501(b) of this title.
8 Del. C. 1953, § 391; 56 Del. Laws, c. 50; 56 Del. Laws, c. 186, § 31; 57 Del. Laws, c. 150, §§ 1-8; 57 Del. Laws, c. 421, § 14; 58 Del. Laws, c. 235, §§ 8, 9; 58 Del. Laws, c. 450, § 9; 59 Del. Laws, c. 106, § 18; 61 Del. Laws, c. 79, § 1; 62 Del. Laws, c. 356; 63 Del. Laws, c. 376, §§ 1, 2; 64 Del. Laws, c. 112, §§ 65-67; 64 Del. Laws, c. 317, § 4(a)-(h); 64 Del. Laws, c. 321, § 4; 65 Del. Laws, c. 127, § 12; 65 Del. Laws, c. 234, § 2; 66 Del. Laws, c. 352, §§ 13, 14; 67 Del. Laws, c. 99, § 1; 67 Del. Laws, c. 190, §§ 11, 12; 67 Del. Laws, c. 229, §§ 2-11; 67 Del. Laws, c. 363, § 1; 68 Del. Laws, c. 163, §§ 3, 4; 68 Del. Laws, c. 246, §§ 1-3; 69 Del. Laws, c. 52, § 1; 69 Del. Laws, c. 221, §§ 2, 3; 69 Del. Laws, c. 245, § 1; 70 Del. Laws, c. 79, § 21; 70 Del. Laws, c. 186, § 1; 70 Del. Laws, c. 587, §§ 34, 35; 71 Del. Laws, c. 120, §§ 30, 31; 71 Del. Laws, c. 339, §§ 89-91; 72 Del. Laws, c. 123, § 12; 74 Del. Laws, c. 9, §§ 8, 9; 74 Del. Laws, c. 51, §§ 1-9; 74 Del. Laws, c. 118, § 2; 75 Del. Laws, c. 306, § 7; 76 Del. Laws, c. 286, § 1; 77 Del. Laws, c. 78, §§ 39-55; 77 Del. Laws, c. 253, § 67; 78 Del. Laws, c. 96, § 15; 78 Del. Laws, c. 273, § 12; 79 Del. Laws, c. 72, §§ 16-18; 79 Del. Laws, c. 122, § 11; 80 Del. Laws, c. 40, § 15.;
§ 392 [Reserved.]
§ 393 Rights, liabilities and duties under prior statutes.
All rights, privileges and immunities vested or accrued by and under any laws enacted prior to the adoption or amendment of this chapter, all suits pending, all rights of action conferred, and all duties, restrictions, liabilities and penalties imposed or required by and under laws enacted prior to the adoption or amendment of this chapter, shall not be impaired, diminished or affected by this chapter.
8 Del. C. 1953, § 393; 56 Del. Laws, c. 50; 79 Del. Laws, c. 122, § 11.;
§ 394 Reserved power of State to amend or repeal chapter; chapter part of corporation's charter or certificate of incorporation.
This chapter may be amended or repealed, at the pleasure of the General Assembly, but any amendment or repeal shall not take away or impair any remedy under this chapter against any corporation or its officers for any liability which shall have been previously incurred. This chapter and all amendments thereof shall be a part of the charter or certificate of incorporation of every corporation except so far as the same are inapplicable and inappropriate to the objects of the corporation.
8 Del. C. 1953, § 394; 56 Del. Laws, c. 50; 79 Del. Laws, c. 122, § 11.;
§ 395 Corporations using "trust" in name, advertisements and otherwise; restrictions; violations and penalties; exceptions.
(a) Except as provided below in subsection (d) of this section, every corporation of this State using the word "trust" as part of its name, except a corporation regulated under the Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., or § 10 of the Home Owners' Loan Act, 12 U.S.C. § 1467a et seq., as those statutes shall from time to time be amended, shall be under the supervision of the State Bank Commissioner of this State and shall make not less than 2 reports during each year to the Commissioner, according to the form which shall be prescribed by the Commissioner, verified by the oaths or affirmations of the president or vice-president, and the treasurer or secretary of the corporation, and attested by the signatures of at least 3 directors.
(b) Except as provided below in subsection (d) of this section, no corporation of this State shall use the word "trust" as part of its name, except a corporation reporting to and under the supervision of the State Bank Commissioner of this State or a corporation regulated under the Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., or § 10 of the Home Owners' Loan Act, 12 U.S.C. § 1467a et seq., as those statutes shall from time to time be amended. Except as provided below in subsection (d) of this section, the name of any such corporation shall not be amended so as to include the word "trust" unless such corporation shall report to and be under the supervision of the Commissioner, or unless it is regulated under the Bank Holding Company Act of 1956 or the Savings and Loan Holding Company Act.
(c) No corporation of this State, except corporations reporting to and under the supervision of the State Bank Commissioner of this State or corporations regulated under the Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., or § 10 of the Home Owners' Loan Act, 12 U.S.C. § 1467a et seq., as those statutes shall from time to time be amended, shall advertise or put forth any sign as a trust company, or in any way solicit or receive deposits or transact business as a trust company.
(d) The requirements and restrictions set forth above in subsections (a) and (b) of this section shall not apply to, and shall not be construed to prevent the use of the word "trust" as part of the name of, a corporation that is not subject to the supervision of the State Bank Commissioner of this State and that is not regulated under the Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., or § 10 of the Home Owners' Loan Act, 12 U.S.C. § 1467a et seq., where use of the word "trust" as part of such corporation's name clearly:
(1) Does not refer to a trust business;
(2) Is not likely to mislead the public into believing that the nature of the business of the corporation includes activities that fall under the supervision of the State Bank Commissioner of this State or that are regulated under the Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., or § 10 of the Home Owners' Loan Act, 12 U.S.C. § 1467a et seq.; and
(3) Will not otherwise lead to a pattern and practice of abuse that might cause harm to the interests of the public or the State, as determined by the Director of the Division of Corporations and the State Bank Commissioner.
8 Del. C. 1953, § 395; 56 Del. Laws, c. 50; 59 Del. Laws, c. 443, § 1; 64 Del. Laws, c. 112, § 68; 71 Del. Laws, c. 339, §§ 92, 93; 73 Del. Laws, c. 298, §§ 13, 14; 78 Del. Laws, c. 96, §§ 16-19; 79 Del. Laws, c. 122, § 11.;
§ 396 Publication of chapter by Secretary of State; distribution.
The Secretary of State may have printed, from time to time as the Secretary of State deems necessary, pamphlet copies of this chapter, and the Secretary of State shall dispose of the copies to persons and corporations desiring the same for a sum not exceeding the cost of printing. The money received from the sale of the copies shall be disposed of as are other fees of the office of the Secretary of State. Nothing in this section shall prevent the free distribution of single pamphlet copies of this chapter by the Secretary of State, for the printing of which provision is made from time to time by joint resolution of the General Assembly.
8 Del. C. 1953, § 396; 56 Del. Laws, c. 50; 71 Del. Laws, c. 339, § 94; 79 Del. Laws, c. 122, § 11.;
§ 397 Penalty for unauthorized publication of chapter.
Whoever prints or publishes this chapter without the authority of the Secretary of State of this State, shall be fined not more than $500 or imprisoned not more than 3 months, or both.
8 Del. C. 1953, § 397; 56 Del. Laws, c. 50; 79 Del. Laws, c. 122, § 11.;
§ 398 Short title.
This chapter shall be known and may be identified and referred to as the "General Corporation Law of the State of Delaware."
8 Del. C. 1953, § 398; 56 Del. Laws, c. 50; 79 Del. Laws, c. 122, § 11.;