Del. Code tit. 8 § 171

Current through 2024 Legislative Session Act Chapter 254

Section 171 - Special purpose reserves

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. § 171

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