CHAPTER 216

FORMERLY SENATE BILL NO. 412

AS AMENDED BY SENATE AMENDMENT NO. 1

AN ACT TO AMEND TITLE 8, DELAWARE CODE, SECTIONS 375 AND 502, RELATING TO FAILURE OF CORPORATIONS TO FILE ANNUAL REPORTS.

Be it enacted by the General Assembly of the State of Delaware (two-thirds of all the members elected to each House thereof concurring therein):

Section 1. Section 375, Title 8, Delaware Code, is amended by deleting the word "shall" as it appears between the words "Secretary of State" and the word "investigate" and substituting therefor the words "may, in his discretion,".

Section 2. Amend Subsection (e), Section 502, Chapter 5, Title 8 of the Delaware Code, by striking the word "shall" and substituting in lieu thereof the words "may, in his discretion,".

Approved July 5, 1971.