Delaware House Bill 127 introduces a new filing authorizing a Delaware corporation to ratify defective corporate acts, over-issued, or putative stock. A Certificate of Validation will have to be filed if the defective act or stock is ratified. The basic filing fee will be $2,500.

If the Certificate is used to increase capital stock retroactively, increased Franchise Tax at the current rate for the entire period of time to the retroactive date will be due. However, if stock is retroactively decreased, there will be no refund granted for any decrease in Franchise Tax due over the retroactive period.