Delaware Code Title 18 Sec. 5507 – Certificate of authority — Issuance; renewal
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(a) The Commissioner shall issue a certificate of authority to every mutual benefit association complying with this chapter upon payment of the fee therefor in the amount specified in § 5520 of this title.
Terms Used In Delaware Code Title 18 Sec. 5507
- Association: means a mutual benefit association as defined in this section. See Delaware Code Title 18 Sec. 5502
- Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302
(b) The certificate of authority shall be valid until the March 1 next following its issuance. So long as the association is qualified therefor the Commissioner shall, upon payment of the fee for renewal specified in § 5520 of this title, annually on March 1 renew the certificate of authority for the ensuing year.
18 Del. C. 1953, § ?5507; 56 Del. Laws, c. 380, § ?1;