Delaware Code Title 18 Sec. 523 – General corporation laws inapplicable to foreign insurers
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The general corporation laws of this State as contained in Title 8 of the Delaware Code shall not apply as to foreign insurers holding certificates of authority to transact insurance in this State.
18 Del. C. 1953, § ?523; 56 Del. Laws, c. 380, § ?1;
Terms Used In Delaware Code Title 18 Sec. 523
- 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