CHAPTER 337
FORMERLY
SENATE BILL NO. 348
AN ACT TO AMEND CHAPTER 1, TITLE 8 OF THE DELAWARE CODE, RELATING TO THE GENERAL CORPORATION LAW.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend Section 251(b)(5), Chapter 1, Title 8, Delaware Code, by adding the words "or entity" following the words "rights or securities of any other corporation" at both places where the words "rights or securities of any other corporation" appear in such Section.
Section 2. Amend Section 252(b)(3), Chapter 1, Title 8, Delaware Code, by adding the words "or entity" following the words "rights or securities of any other corporation" at both places where the words "rights or securities of any other corporation" appear in such Section.
Section 3. Amend Section 262(b)(1), Chapter 1, Title 8, Delaware Code, by adding the words "or designated as a national market system security on an interdealer quotation system by the National Association of Securities Dealers, Inc." following the word "exchange" and before the word "or" in clause (i) thereof.
Section 4. Amend Section 262(b)(2)b., Chapter 1, Title 8, Delaware Code, by adding the phrase "or designated as a national market system security on an interdealer quotation system by the National Association of Securities Dealers, Inc." following the word "exchange" and before the word "or" in such Section.
Section 5. This Bill shall become effective on July 1, 1992, provided that Sections 3 and 4 shall be effective only with respect to mergers or consolidations consummated pursuant to an agreement of merger or consolidation entered into after July 1, 1992.
Approved July 8, 1992