Delaware Code Title 5 Sec. 3218 – Limitation on construction of chapter
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This chapter shall not be construed as permitting any corporation, domestic or foreign, to transact in this State the business of a state bank and trust company, savings bank, industrial bank, private bank or building or savings and loan association.
5 Del. C. 1953, § ?3218; 58 Del. Laws, c. 423.;
Terms Used In Delaware Code Title 5 Sec. 3218
- 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