AN ACT to Amend Chapter 92 of the Revised Code of Delaware Relating to Conveyances.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met: (Two-thirds of all the members elected to each Branch thereof concurring therein):
Section 1. That Section 42 of the said Chapter 92 of the Revised Code of Delaware, Article 9 thereof, being Section 3238 thereof, be amended by striking out said Section and inserting in lieu thereof the following:
3238. Sec. 42. Deeds by Foreign Corporations Valid ; Effect of ; Record of to be Evidence ; Property Held by :--All deeds to lands in Delaware heretofore or hereafter executed and delivered by corporations, created by and existing under the laws of the states and territories of the United States of America other than Delaware or created by and existing under the laws of any foreign state or nation are hereby made valid, good and effective to convey the fee simple or other estate purported to be conveyed in such deeds, with the same force and effect as if the corporation grantor had been a corporation lawfully created by and existing under the Laws of the State of Delaware ; and such deeds, when recorded, or any office copy thereof, shall be admitted as evidence in all courts of this State, and shall be valid and conclusive evidence, with the same force and effect as if such deeds had been properly executed, acknowledged and delivered by corporations created by and existing under the Laws of the State of Delaware. A foreign corporation owning lands in Delaware may exercise all rights and privileges of ownership thereof to the same extent as if such corporation were a corporation lawfully created by and existing under the Laws of the State of Delaware.