Del. Code tit. 8 § 153 : CORPORATIONS — GENERAL CORPORATION LAW — STOCK AND DIVIDENDS — Consideration for stock TEXT PDF (a) Shares of stock with par value may be issued for such consideration, having a value not less than the par value of the shares so issued , as determined from time to time in accordance with § 152 of this title , or by the stockholders if the certificate of incorporation so provides. (b) Shares of stock without par value may be issued for such consideration as is determined from time to time in accordance with § 152 of this title , or by the stockholders if the certificate of incorporation so provides. (c) Treasury shares may be disposed of by the corporation in the same manner that shares of stock are issued pursuant to § 152 of this title, or may be disposed of for such consideration as determined by the stockholders if the certificate of incorporation so provides. (d) If the certificate of incorporation reserves to the stockholders the right to determine the consideration for the issue of any shares, the stockholders shall, unless the certificate requires a greater vote, do so by a vote of a majority of the outstanding stock entitled to vote thereon. 8 Del. C. § 153 Amended by Laws 2021, ch. 377,s 4, eff. 8/1/2022. 8 Del. C. 1953, § 153; 56 Del. Laws, c. 50; 57 Del. Laws, c. 148, § 10.;