2021 Delaware Code
Title 8 - Corporations
Chapter 1. General Corporation Law
Subchapter XVI. Foreign Corporations
§ 379. Banking powers denied.

Universal Citation: 8 DE Code § 379. (2021)
§ 379. Banking powers denied.

(a) No foreign corporation shall, within the limits of this State, by any implication or construction, be deemed to possess the power of discounting bills, notes or other evidence of debt, of receiving deposits, of buying and selling bills of exchange, or of issuing bills, notes or other evidences of debt upon loan for circulation as money, anything in its charter or articles of incorporation to the contrary notwithstanding, except as otherwise provided in subchapter VII of Chapter 7 or in Chapter 14 of Title 5.

(b) All certificates issued by the Secretary of State under § 371 of this title shall expressly set forth the limitations and restrictions contained in this section.

8 Del. C. 1953, § 379;  56 Del. Laws, c. 50;  57 Del. Laws, c. 148, § 36;  70 Del. Laws, c. 112, § 78;  71 Del. Laws, c. 254, § 35;  79 Del. Laws, c. 122, § 9; 
Disclaimer: These codes may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.