Delaware Code Title 5 Sec. 703 – Taxation
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Every corporation and limited liability company created by or under this chapter, and every corporation and limited liability company whose charter, certificate of incorporation or certificate of formation is amended under this chapter, shall be subject to the same taxation as shall be fixed by the laws of this State for banks and trust companies.
38 Del. Laws, c. 94, § ?34; Code 1935, § ?2403; 5 Del. C. 1953, § ?703; 61 Del. Laws, c. 490, § ?1; 76 Del. Laws, c. 383, § ?3;
Terms Used In Delaware Code Title 5 Sec. 703
- banks: when used in this chapter, do not include such national banks, except as otherwise provided in subchapters VI and VII of this chapter. See Delaware Code Title 5 Sec. 701
- 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