2023 Delaware Code
Title 8 - Corporations
Subchapter XIV. Close Corporations; Special Provisions
§ 344. Election of existing corporation to become a close corporation.

Universal Citation: 8 DE Code § 344 (2023)
§ 344. Election of existing corporation to become a close corporation.

Any corporation organized under this chapter may become a close corporation under this subchapter by executing, acknowledging and filing, in accordance with § 103 of this title, a certificate of amendment of its certificate of incorporation which shall contain a statement that it elects to become a close corporation, the provisions required by § 342 of this title to appear in the certificate of incorporation of a close corporation, and a heading stating the name of the corporation and that it is a close corporation. Such amendment shall be adopted in accordance with the requirements of § 241 or 242 of this title, except that it must be approved by a vote of the holders of record of at least 2/3 of the shares of each class of stock of the corporation which are outstanding.

8 Del. C. 1953, § 344;  56 Del. Laws, c. 50;  57 Del. Laws, c. 148, § 34;  70 Del. Laws, c. 587, § 32; 
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