Delaware Code Title 5 Sec. 104 – Qualifications of Commissioner and employees
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The Commissioner and the employees who work for the Commissioner shall be selected with respect to their knowledge of and experience in banking and accounting. The Commissioner shall be a resident of the State. The Commissioner and the employees who work for the Commissioner shall not be stockholders in any corporation coming under this title.
30 Del. Laws, c. 111, § ?3; 38 Del. Laws, c. 92, § ?1(3); Code 1935, § ?2276; 5 Del. C. 1953, § ?104; 57 Del. Laws, c. 740, §§ ?16E, 16F; 61 Del. Laws, c. 359, § ?1; 68 Del. Laws, c. 303, § ?5;
Terms Used In Delaware Code Title 5 Sec. 104
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302