§ 609. Engaging in other business prohibited.
§ 609. Engaging in other business prohibited. No professional corporation shall engage in any business other than the rendering of the professional services set forth in its certificate of incorporation; provided, however, nothing in this chapter or in any other provisions of existing law applicable to professional corporations shall be interpreted to prohibit such professional […]
§ 610. Issuance of capital stock to licensed individuals; voting trust agreements prohibited; holding of stock by shareholder’s estate.
§ 610. Issuance of capital stock to licensed individuals; voting trust agreements prohibited; holding of stock by shareholder’s estate. No professional corporation may issue any of its capital stock to anyone other than an individual who is duly licensed or otherwise legally authorized to render the same specific professional service or any of the component […]
§ 611. Disqualification of officer, shareholder, agent or employee.
§ 611. Disqualification of officer, shareholder, agent or employee. (a) Any officer, employee, agent or shareholder of a professional corporation shall forthwith sever all employment with, and financial interests in, the professional corporation in the event that such person: (1) Becomes legally disqualified to render such professional service within this State; (2) Is elected to […]
§ 513. Acting under proclaimed charter; penalty.
§ 513. Acting under proclaimed charter; penalty. Whoever exercises or attempts to exercise any powers under the certificate of incorporation of any corporation which has been proclaimed by the Governor, after the issuance of the proclamation, shall be fined not more than $1,000 or imprisoned not more than 1 year, or both. 21 Del. Laws, […]
§ 514. Mistakes in proclamation; correction.
§ 514. Mistakes in proclamation; correction. Whenever it is established to the satisfaction of the Governor that any corporation named in the proclamation has not neglected or refused to pay the franchise tax or file a completed annual franchise tax report within 1 year, or has been inadvertently reported to the Governor by the Secretary […]
§ 515. Annual report of Secretary of State.
§ 515. Annual report of Secretary of State. The Secretary of State shall prepare and publish an annual report containing such statistics as may be available with respect to the operation of this chapter, including the amounts collected and amounts unpaid for each year for which the tax is assessed, and such other facts as […]
§ 516. Retaliatory taxation and regulation; imposition.
§ 516. Retaliatory taxation and regulation; imposition. When, by the laws of any other state or nation, any other or greater taxes, fines, penalties, licenses, fees, or other obligations or requirements are imposed upon corporations chartered under Chapter 1 of this title, doing business in the other state or nation, or upon their agents therein, […]
§ 517. Duties of Attorney General.
§ 517. Duties of Attorney General. The Attorney General shall have all the powers and authorities in conjunction with the Secretary of State to collect franchise taxes and penalties due from proclaimed corporations and corporations whose charter has become void by operation of law. 27 Del. Laws, c. 80, §§ 1, 2; Code 1915, § […]
§ 518. Relief for corporations with assets in certain unfriendly nations.
§ 518. Relief for corporations with assets in certain unfriendly nations. All corporations incorporated and existing under the laws of this State, all of whose assets are located in any country from which it is impossible to remove such assets or withdraw income, or whose assets are located at any place where it is made […]
§ 601. Legislative intent.
§ 601. Legislative intent. It is the legislative intent to provide for the incorporation of an individual, or group of individuals who render the same professional service or qualified related professional services to the public, for which such individuals are required by law to be licensed or to obtain other legal authorization. 8 Del. C. […]