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§ 171 — Delaware Law | CourtGPT
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  2. Laws/
  3. Delaware/
  4. Title 8 - Corporations/
  5. Chapter 1 - General Corporation Lawsub/
  6. Subchapter V - Stock and Dividends§ 151. Classes and Series of Stock; Redemption; Rights/
  7. § 171
Delaware Legal Code

§ 171

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The directors of a corporation may set apart out of any of the funds of the corporation available for dividends a reserve or reserves for any proper purpose and may abolish any such reserve.8 Del. C. 1953, § 171; 56 Del. Laws, c. 50.;