CHAPTER 286

FORMERLY

HOUSE BILL NO. 519

AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO THE GENERAL CORPORATION LAW.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each house thereof concurring therein):

Section 1. Amend § 391(a)(8), Title 8, Delaware Code, by striking the figure “$60” and substituting in lieu thereof “$100”.

Section 2. Amend § 503 (a)(1), Title 8, Delaware Code, by striking such paragraph in its entirety and substituting in lieu thereof the following:

“(1) Where the authorized capital stock does not exceed 5,000 shares, $75; where the authorized capital stock exceeds 5,000 shares, but is not more than 10,000 shares, $150; and the further sum of $75 on each 10,000 shares or part thereof.”

Section 3. Amend § 503 (a)(2), Title 8, Delaware Code, by striking such paragraph in its entirety and substituting in lieu thereof the following:

“(2) Seventy five dollars where the assumed no-par capital of the corporation, found in the manner provided in this paragraph, does not exceed $500,000; $150 where the assumed no-par capital exceeds $500,000 but is not more than $1,000,000; and the further sum of $75 for each $1,000,000 or part thereof of such additional assumed no-par capital.”

Section 4. Amend § 503(c), Title 8, Delaware Code, by striking the figure “$35” and substituting in lieu thereof “$75”.

Section 5. This Act shall be effective as of January 1, 2008.

Approved July 01, 2008