Delaware Code
10 Del. C. § 8114 (2026)
Corporate officers’ bonds
✓ current as of May 2026
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No action shall be brought upon any bond given to the president, directors and company of any bank, or to any corporation, by any officer of such bank or corporation, with condition for the officer’s good behavior, or for the faithful discharge of the duties of the officer’s station, or touching the execution of the officer’s office, against either the principal or sureties, after the expiration of 2 years from the accruing of the cause of such action. No action shall be brought, and no proceedings shall be had upon any such bond, or upon any judgment thereon, against either the principal or sureties, for any cause of action accruing after the expiration of 6 years from the date of such bond.
Code 1852, §§ 2747, 2748; Code 1915, § 4677; Code 1935, § 5135; 10 Del. C. 1953, § 8113; 70 Del. Laws, c. 186, § 1;Notes of Decisions
Cited in 2
cases, 1957–1974 · leading case: State v. Rossitto, 331 A.2d 385 (Del. 1974).
State v. Rossitto, 331 A.2d 385 (Del. 1974). “Forfeiture proceedings are subject to a statute of limitations, 10 Del.C. § 8114, providing as follows: “No civil action for a forfeiture upon a penal statute, whether at the suit of the party aggrieved, or of a common informer, or of the State, or otherwise, shall be brought…”
Schleiff v. Baltimore & Ohio R.R. Co., 130 A.2d 321 (Del. Ch. 1957). “Before deciding the three year statute point, I should note that GM also argues that 10 Del.C. § 8114, providing a one year statute of limitations on actions for a forfeiture under a penal statute, bars this action.”
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