2019 Delaware Code
Title 8 - Corporations
Chapter 1. General Corporation Law
Subchapter V Stock and Dividends
§ 171 Special purpose reserves.

Universal Citation: 8 DE Code § 171 (2019)

The directors of a corporation may set apart out of any of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and may abolish any such reserve.

8 Del. C. 1953, ยง 171; 56 Del. Laws, c. 50.

Disclaimer: These codes may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.