Delaware Code Title 18 Sec. 1319 – Savings and share accounts
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An insurer may invest in share or savings accounts of savings and loan or building and loan associations, or in savings accounts of banks; and in any 1 such institution only to the extent that the investment is insured by the federal savings and loan insurance corporation or the federal deposit insurance corporation.
18 Del. C. 1953, § ?1319; 56 Del. Laws, c. 380, § ?1;
Terms Used In Delaware Code Title 18 Sec. 1319
- 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.
- Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC