HOUSE BILL NO. 43
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 23, TITLE 19, DELAWARE CODE, TO PERMIT AN EXEMPTION FROM WORKMEN'S COMPENSATION FOR CERTAIN OFFICERS OF CORPORATIONS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend §2308, Chapter 23, Title 19, Delaware Code, by striking said section in its entirety and substituting in lieu thereof the following:
"§2308. Same—Executive Officers.
Executive officers of covered employers are included within this chapter; provided, however, that as many as four officers who are stockholders of a corporation may be exempted from this chapter if the corporation and the exempted corporate officers agree in writing to such an exemption. Anyone or all of the officers who elect an exemption shall for the purposes of §2306 of this chapter be considered employees."
Approved July 8,1983.