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Delaware Code

XIV

Close Corporations; Special Provisions

341Law applicable to close corporation 342Close corporation defined; contents of certificate of incorporation 343Formation of a close corporation 344Election of existing corporation to become a close corporation 345Limitations on continuation of close corporation status 346Voluntary termination of close corporation status by amendment of certificate of incorporation; vote required 347Issuance or transfer of stock of a close corporation in breach of qualifying conditions 348Involuntary termination of close corporation status; proceeding to prevent loss of status 349Corporate option where a restriction on transfer of a security is held invalid 350Agreements restricting discretion of directors 351Management by stockholders 352Appointment of custodian for close corporation 353Appointment of a provisional director in certain cases 354Operating corporation as partnership 355Stockholders’ option to dissolve corporation 356Effect of this subchapter on other laws