Sections
§ 6501 Corporate status and membership 14
§ 6502 Purpose and object 14
§ 6503 Powers 14
§ 6504 Board of Trustees — Composition, appointment or election, term … 14
§ 6505 Board of Trustees — Powers; meetings; quorum; bylaws 14
§ 6506 Faculty; powers 14
§ 6507 Donations; misnomer 14
§ 6508 Annual payment from State Treasurer 14
§ 6509 Use of annual payments 14
§ 6510 Scholarships 14
§ 6511 Summer school for teachers and instructional aides 14
§ 6512 Authority to issue bonds 14
§ 6513 Bonds as legal investments for institutions and fiduciaries 14
§ 6514 Credit of State not pledged 14

Terms Used In Delaware Code > Title 14 > Chapter 65 - Organization, Administration and Functions

  • Bequest: Property gifted by will.
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Ex officio: Literally, by virtue of one's office.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Service of process: The service of writs or summonses to the appropriate party.
  • State Board: consists of 9 members who are citizens of this State andappointed as follows:

    (1) The Governor shall appoint, with Senate confirmation, 7 voting members. See Delaware Code Title 14 Sec. 104

  • Trustee: A person or institution holding and administering property in trust.