Whenever it is established to the satisfaction of the Governor that any corporation named in the proclamation has not neglected or refused to pay the franchise tax or file a completed annual franchise tax report within 1 year, or has been inadvertently reported to the Governor by the Secretary of State as refusing or neglecting to pay the taxes or file a completed annual franchise tax report, the Governor may correct the mistake and may make the same known by filing a proclamation to that effect in the office of the Secretary of State, who shall restore to the corporation its charter, together with all the rights, privileges and immunities and subject to all its duties, debts and liabilities which had been secured or imposed by its original charter and all amendments thereto.
Structure Delaware Code
Chapter 5. CORPORATION FRANCHISE TAX
§ 501. Corporations subject to and exempt from franchise tax.
§ 503. Rates and computation of franchise tax.
§ 505. Review and refund; jurisdiction and power of the Secretary of State; appeal.
§ 506. Fund for payment of refunds.
§ 507. Collection of tax; preferred debt.
§ 508. Injunction against exercise of franchise or transacting business.
§ 509. Further remedy in Court of Chancery; appointment of receiver or trustee; sale of property.
§ 511. Repeal of charters of delinquent corporations; report to Governor and proclamation.
§ 512. Filing and publication of proclamation.
§ 513. Acting under proclaimed charter; penalty.
§ 514. Mistakes in proclamation; correction.
§ 515. Annual report of Secretary of State.
§ 516. Retaliatory taxation and regulation; imposition.
§ 517. Duties of Attorney General.
§ 518. Relief for corporations with assets in certain unfriendly nations.