Delaware Code Title 18 Sec. 1506 – Assignment, transfer of securities
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All securities deposited by an insurer and not negotiable by delivery shall be duly registered in the name of the Commissioner and his or her successors in office, or with power of attorney as provided in § 1504 of this title. Upon release of any such security to the insurer, the Commissioner shall reassign or surrender the power of attorney to the insurer.
18 Del. C. 1953, § ?1507; 56 Del. Laws, c. 380, § ?1; 70 Del. Laws, c. 186, § ?1;
Terms Used In Delaware Code Title 18 Sec. 1506
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC