Delaware Code Title 18 Sec. 5505 – Certificate of authority required; foreign operations
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(a) No association shall directly or indirectly issue any certificate of membership without being so authorized by a valid and subsisting certificate of authority issued to it by the Commissioner.
Terms Used In Delaware Code Title 18 Sec. 5505
- Association: means a mutual benefit association as defined in this section. See Delaware Code Title 18 Sec. 5502
- 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
(b) No association shall issue any certificate of membership in any other state or foreign country unless it holds a valid and subsisting certificate of authority issued to it by the Commissioner.
18 Del. C. 1953, § ?5505; 56 Del. Laws, c. 380, § ?1;