CHAPTER 144

AN ACT TO AMEND § 503 (h) TITLE 8, DELAWARE CODE RELATING TO CORPORATION FRANCHISE TAX BY LIMITING THE MAXIMUM ANNUAL TAX ON REGULATED INVESTMENT COMPANIES TO $50,000.00.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. § 503 (h), Title 8, Delaware Code is amended by changing the period at the end of the first sentence thereof to a comma and adding the following:

provided that in no case shall the tax on any corporation for a full taxable year under this subsection (h) be more than $50,000.00.

Approved July 11, 1961.