8 Del. C. § 278 (continuation of dissolved corporation) (8 Del. C. § 278)
A dissolved Delaware corporation continues for 3 years (or longer if the Court of Chancery directs) to wind up, including to dispose of and convey its property. After that, a court-appointed trustee or receiver (§ 279) is needed.
Dated 17 Oct 2026Source checked 17 Oct 2026Basis: primary text
In the source's own words
“All corporations, whether they expire by their own limitation or are otherwise dissolved, shall nevertheless be continued, for the term of 3 years from such expiration or dissolution or for such longer period as the Court of Chancery shall in its discretion direct, bodies corporate for the purpose of prosecuting and defending suits”
Where it was read
Also read from the same source
- Does the company selling the data own it, and has someone with authority approved the sale?
- Has the board approved the licence, and do investor agreements or charters give investors a veto over selling or licensing key assets?
- 8 Del. C. § 281(b): plan of distribution of a dissolved Delaware corporation (8 Del. C. § 281(b))
Figures it counts in
It is shown on its own, not counted into a figure.
Cited in this guide