Delaware Code (Titles 8, 9, 25, 30)
8 Del. C. § 244 — Reduction of capital
(a)
A corporation, by resolution of its board of directors, may reduce its capital in any of the following ways:
(b)
Notwithstanding the other provisions of this section, no reduction of capital shall be made or effected unless the assets of the corporation remaining after such reduction shall be sufficient to pay any debts of the corporation for which payment has not been otherwise provided. No reduction of capital shall release any liability of any stockholder whose shares have not been fully paid.
(c)
[Repealed.]
Source: official text