Delaware Code Title 6 Sec. 7501 – Definitions
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As used in this chapter, unless the context requires otherwise, the following words and phrases shall mean:
(1) “Private corporation” shall mean a general and business or a general not-for-profit corporation organized under the laws of this State.
(2) “Public corporation” shall mean this State, a political subdivision thereof, a corporate instrumentality of this State and 1 or more other states, or a bistate compact.
Terms Used In Delaware Code Title 6 Sec. 7501
- 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 District of Columbia or the Commonwealth of Puerto Rico or any state, territory, possession, or other jurisdiction of the United States other than the State of Delaware. See Delaware Code Title 6 Sec. 17-101