Delaware Code Title 5 Sec. 914 – Appointment of trust company as trustee
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Any court, judge or officer, authorized by law to appoint any person or corporation to any office of trust, may appoint to such office any trust company incorporated under the laws of this State, and having its principal office or place of business in this State, if the court, judge or officer is satisfied that the capital stock of the trust company has been fully paid in cash, and that the trust company is authorized by its charter to perform the duties of the office.
22 Del. Laws, c. 388, § ?1; Code 1915, §§ ?635, 641, 3872; 37 Del. Laws, c. 52, § ?2; Code 1935, §§ ?525, 4398; 5 Del. C. 1953, § ?914;
Terms Used In Delaware Code Title 5 Sec. 914
- 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