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Ellen
Ellen, Attorney
Category: Business Law
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Experience:  25 years of experience helping people like you.
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Can Delaware Close Corporation have as its shareholder another

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Can Delaware Close Corporation have as it's shareholder another Corporation or foregin entity, or does shareholders have to be natural persons ?
*Nothing herein is intended as legal advice, only intended as general information to better help yourself.*



Hello,

My name is FiveStarLaw. I shall strive to provide you with legal information. My answers are information only and do not form an attorney/client relationship.

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A corporation or foreign entity may be a shareholder in a Delaware close corporation unless prohibited by the close corporation certificate of incorporation.

My answer is based upon Delaware Statute § 342 and § 102. The statutes may be read at this link:
http://delcode.delaware.gov/title8/c001/index.shtml


I think this is what you wanted to know. Please let me know if I have answered your question or whether you would like further information
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