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Current as of January 01, 2026 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Delaware Code Title 5. Banking § 705. Revocation for nonuse of charters granted prior to July 1, 1933 - last updated January 01, 2026 | https://codes.findlaw.com/de/title-5-banking/de-code-sect-5-705/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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