reglab/housing_qa huggingface dataset:
5 DE Code § 1413. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter I. Foreign Bank Branches, Foreign Bank Limited Purpose Branches and Foreign Bank Agencies|§ 1413. Actions maintained against foreign bank.

§ 1413. Actions maintained against foreign bank. (a) A suit, action or proceeding against a foreign bank holding a certificate of authority pursuant to this subchapter may be maintained by a resident of this State for any cause of action. For purposes of this subsection, the term “resident of this State” shall include any corporation formed under any law of this State. (b) Except as otherwise provided in this subchapter, a suit, action or proceeding against a foreign bank holding a certificate of authority pursuant to this subchapter may be maintained by another foreign corporation or foreign bank or by a nonresident in the following cases only:  (1) Where the action is brought to recover damages for the breach of a contract made or to be performed within this State, or relating to property situated within this State at the time of the making of the contract; (2) Where the subject matter of the litigation is situated within this State; (3) Where the cause of action arose within this State, except where the object of the action or proceeding is to affect the title of real property situated outside the State; (4) Where the suit, action or proceeding is based on a liability for acts done within this State by a foreign bank holding a certificate of authority pursuant to this subchapter; (5) Where the defendant is a foreign bank holding a certificate of authority pursuant to this subchapter doing business in this State. (c) The limitations contained in subsection (b) of this section do not apply to a corporation formed and existing under the laws of the United States and which maintains an office in this State. 65 Del. Laws, c. 444, §  6;
5 DE Code § 1414. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter I. Foreign Bank Branches, Foreign Bank Limited Purpose Branches and Foreign Bank Agencies|§ 1414. Registered office; registered agent; filing of changes.

§ 1414. Registered office; registered agent; filing of changes. (a) A foreign bank holding a certificate of authority pursuant to this subchapter shall have and continuously maintain in this State:  (1) A registered office which may be, but need not be, the same as its place of business in this State; and (2) A registered agent, which agent may be either an individual, resident in this State, whose business office is identical with such registered office, or a corporation authorized to transact business in this State having a business office identical with such registered office. (b) A registered agent may at any time vacate its office as registered agent by filing in the office of the Commissioner a statement setting forth its resignation and the effective date thereof, which shall not be less than 60 days after the date of filing. A copy of the statement shall be served on the foreign bank by the registered agent so resigning by registered or certified mail addressed to such foreign bank at its principal office as such is known to such resigning agent and directed to the attention of the secretary or other comparable officer of such corporation at least 30 days prior to the date of filing of said certificate. (c) A foreign bank may from time to time change the address of its registered office; and shall change its registered agent if the office of the registered agent becomes vacant for any reason or if its registered agent becomes disqualified or incapacitated to act, or if it revokes the appointment of its registered agent. Any such change of registered office or registered agent may be effected by filing in the office of the Commissioner duplicate originals of a statement setting forth the details with respect to such change and the effective date thereof. 65 Del. Laws, c. 444, §  6;
5 DE Code § 1415. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter I. Foreign Bank Branches, Foreign Bank Limited Purpose Branches and Foreign Bank Agencies|§ 1415. Service of process, notice or demand on foreign bank; service on registered agent; service on Commissioner.

§ 1415. Service of process, notice or demand on foreign bank; service on registered agent; service on Commissioner. (a) Service of process in any suit, action or proceeding or service of any notice or demand required or permitted by law to be served on a foreign corporation may be made on a foreign bank holding a certificate of authority pursuant to this subchapter by service thereof on the registered agent of such foreign bank. Whenever any foreign bank holding a certificate of authority fails to appoint or maintain a registered agent upon whom service of legal process or service of any such notice or demand may be had, or whenever such registered agent cannot with reasonable diligence be found at the registered office of such foreign bank, or whenever the certificate of authority of any such foreign bank is revoked, then in every such case the Commissioner shall be irrevocably authorized as the agent and representative of such foreign bank to accept service of any process or service of any notice or demand required or permitted by law to be served on such foreign bank. Service on the Commissioner of any such process, notice or demand against any such foreign bank shall be made by delivering to and leaving with the Commissioner, or with any official having charge of the banking department of the Commissioner's office, duplicate copies of such process, notice or demand. If any process, notice or demand is served on the Commissioner, a copy thereof shall immediately be forwarded by registered mail addressed to such foreign bank at its principal office as the same appears on the Commissioner's records. (b) Nothing in this subchapter limits or affects the right to serve any process, notice or demand required or permitted by law to be served upon a foreign corporation in any other manner now or hereafter permitted by law. (c) The Commissioner shall keep a record of all processes, notice and demands served pursuant to this section and shall record therein the time of such service and the action taken with reference thereto. 65 Del. Laws, c. 444, §  6;
5 DE Code § 1416. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter I. Foreign Bank Branches, Foreign Bank Limited Purpose Branches and Foreign Bank Agencies|§ 1416. Examinations, cooperative agreements, fees.

§ 1416. Examinations, cooperative agreements, fees. (a) The Commissioner may make such examination of any foreign bank branch, foreign bank limited purpose branch or foreign bank agency in this State as the Commissioner may deem necessary to determine compliance with the laws of this State and operation in a safe and sound manner. This title shall apply to such examinations. (b) The Commissioner, as a home state regulatory authority, may enter into cooperative agreements with the appropriate host state regulatory authorities for the periodic examination of and otherwise to facilitate a single point of contact with respect to any foreign bank branch, foreign bank limited purpose branch or foreign bank agency in this State and any such other entities operating in other United States jurisdictions. Additionally, the Commissioner, as a host state regulatory authority, may enter into cooperative agreements with the appropriate home state regulatory authorities for the periodic examination of and otherwise to facilitate a single point of contact with respect to any foreign bank branch, foreign bank limited purpose branch or foreign bank agency operating in this State, and may accept reports of examination and other records from a home state regulatory authority of such entities in lieu of conducting the Commissioner's own examination of such entities operating in this State. The Commissioner, as a home state or host state regulatory authority, may enter into joint actions, including with respect to asset maintenance, pledge of assets, separation of assets and liquidation, with other regulatory authorities with respect to foreign bank branches, foreign bank limited purpose branches or foreign bank agencies in this State, or may take such actions independently with notice to the appropriate home state or host state regulatory authorities to carry out the Commissioner's responsibilities to assure the safety and soundness of any such entity in this State and to assure compliance with applicable banking laws of this State. For purposes of this subsection, the term “home state” in reference to a foreign bank has the meaning set forth in § 5(c) of the International Banking Act of 1978, as amended, at 12 U.S.C. § 3103(c), and the term “host state” means a State other than the home state. (c) A foreign bank holding a certificate of authority pursuant to this subchapter may be assessed and, if assessed, shall pay supervisory and examination fees in accordance with the laws of this State and regulations of the Commissioner. 71 Del. Laws, c. 254, §  23;  72 Del. Laws, c. 35, §§  16, 17;
5 DE Code § 1420. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter II. Foreign Bank Representative Office|§ 1420. Scope.

§ 1420. Scope. This subchapter deals with conditions under which foreign banks may operate representative offices in this State. 65 Del. Laws, c. 444, §  6;
5 DE Code § 1421. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter II. Foreign Bank Representative Office|§ 1421. License required.

§ 1421. License required. No person, copartnership, association, corporation or other entity shall establish or maintain a representative office in this State on behalf of one or more foreign banks unless the foreign bank to be represented has obtained a license from the Commissioner. 65 Del. Laws, c. 444, §  6;
5 DE Code § 1422. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter II. Foreign Bank Representative Office|§ 1422. Application for license; fee; findings required for issuance.

§ 1422. Application for license; fee; findings required for issuance. (a) The application for a license shall contain information and be accompanied by a reasonable fee as determined by the Commissioner. (b) The Commissioner shall issue a license to a foreign bank to establish and maintain a representative office if the Commissioner finds:  (1) The foreign bank and the proposed management of the representative office are each of good character and sound financial standing; (2) The management of the foreign bank and the proposed management of the representative office are adequate; and (3) The convenience and needs of persons to be served by the proposed representative office will be promoted.65 Del. Laws, c. 444, §  6;  71 Del. Laws, c. 254, §  24;
5 DE Code § 1423. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter II. Foreign Bank Representative Office|§ 1423. License provisions.

§ 1423. License provisions. Any foreign bank holding a license pursuant to this subchapter may establish and maintain a representative office at the location stated therein and may engage thereat in representational functions on behalf of the foreign bank, but may not conduct a banking business. A license issued pursuant to this subchapter shall remain in effect until surrendered or revoked. 65 Del. Laws, c. 444, §  6;
5 DE Code § 1424. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter II. Foreign Bank Representative Office|§ 1424. Records; reports; fee.

§ 1424. Records; reports; fee. (a) Each foreign bank which is licensed to establish and maintain a representative office shall make, keep and preserve at such office or at such other place as determined by the Commissioner, such books, accounts and other records relating to the business of such office as the Commissioner may require. (b) Each foreign bank which is licensed to establish and maintain a representative office shall file such reports, accompanied by a reasonable fee, as required and determined by the Commissioner. 65 Del. Laws, c. 444, §  6;
5 DE Code § 1425. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter II. Foreign Bank Representative Office|§ 1425. Revocation of license.

§ 1425. Revocation of license. If the Commissioner finds:  (1) The licensee or its representative has violated any provision of this subchapter or any law, rule or regulation of this State; or (2) Any fact or condition exists which, if it had existed at the time of the original application for such license, would have resulted in the Commissioner refusing to issue such license; then, after notice to the foreign bank and a reasonable opportunity to be heard, the Commissioner may revoke such license.65 Del. Laws, c. 444, §  6;
5 DE Code § 1426. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter II. Foreign Bank Representative Office|§ 1426. Applicability of other laws.

§ 1426. Applicability of other laws. Every foreign bank holding a license pursuant to this subchapter shall be deemed and held to be subject to this title and any other law or laws of this State making provision for the regulation of banks and trust companies where the same are not inconsistent with the express provisions of this subchapter including, without limitation, § 131 and § 132 of this title and subchapter I of this chapter for the regulation of foreign banks operating foreign bank branches, foreign bank limited purpose branches and foreign bank agencies in this State. 71 Del. Laws, c. 254, §  25;  72 Del. Laws, c. 35, §  18;
5 DE Code § 1430. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter III. Merger of Delaware Banks and Foreign Banks; Resulting Branch Offices of Foreign Banks|§ 1430. Scope.

§ 1430. Scope. This subchapter deals with the conditions under which Delaware banks may merge with or into foreign banks, and under which foreign banks may operate resulting branch offices in this State. 71 Del. Laws, c. 254, §  26;
5 DE Code § 1431. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter III. Merger of Delaware Banks and Foreign Banks; Resulting Branch Offices of Foreign Banks|§ 1431. Definitions.

§ 1431. Definitions. (a) “Branch office,” “Delaware bank,” “Delaware state bank,” “existing Delaware bank,” “merger,” “merging bank,” “out-of-state bank” and “resulting” shall have the meanings ascribed to them in § 795 of this title. (b) “Home state” in reference to a foreign bank has the meaning set forth in § 5(c) of the International Banking Act of 1978, as amended, at 12 U.S.C. § 3103(c). (c) “Out-of-state foreign bank” means a foreign bank whose home state is a state other than this State. 71 Del. Laws, c. 254, §  26;
5 DE Code § 1432. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter III. Merger of Delaware Banks and Foreign Banks; Resulting Branch Offices of Foreign Banks|§ 1432. Authority for merger.

§ 1432. Authority for merger. An existing Delaware bank may merge with or into an out-of-state foreign bank, and an out-of-state foreign bank may merge with or into a Delaware bank, in substantially the same manner and under substantially the same terms and conditions as an existing Delaware bank may merge with or into an out-of-state bank, or an out-of-state bank may merge with or into a Delaware bank, pursuant to subchapter VII of Chapter 7 of this title. 71 Del. Laws, c. 254, §  26;
5 DE Code § 1433. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter III. Merger of Delaware Banks and Foreign Banks; Resulting Branch Offices of Foreign Banks|§ 1433. Authority for interstate branch offices of out-of-state foreign banks.

§ 1433. Authority for interstate branch offices of out-of-state foreign banks. (a) The place of business or main office and all branch offices of a merging existing Delaware bank may continue as resulting branch offices of the out-of-state foreign bank. (b) An out-of-state foreign bank with resulting branch offices in this State may open additional branch offices in this State in such manner as the Commissioner shall prescribe by regulation. (c) Nothing in this subchapter shall be deemed to permit interstate branching either through the original establishment of a branch office in this State by an out-of-state foreign bank or through acquisition of a branch office in this State by an out-of-state foreign bank, without merger with a Delaware bank as provided in this subchapter. 71 Del. Laws, c. 254, §  26;
5 DE Code § 1434. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter III. Merger of Delaware Banks and Foreign Banks; Resulting Branch Offices of Foreign Banks|§ 1434. Powers.

§ 1434. Powers. An out-of-state foreign bank which establishes one or more branch offices in this State in accordance with this subchapter may conduct any activities at such branch office or offices that are authorized under the laws of this State for Delaware state banks or pursuant to the laws of the home state of such out-of-state foreign bank to the extent that such activities are permissible in this State for a branch office of an out-of-state national bank. 71 Del. Laws, c. 254, §  26;
5 DE Code § 1435. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter III. Merger of Delaware Banks and Foreign Banks; Resulting Branch Offices of Foreign Banks|§ 1435. Authorized agency activities.

§ 1435. Authorized agency activities. A resulting branch office in this State of an out-of-state foreign bank may exercise agency activities as provided in subchapter VIII of Chapter 7 of this title. 71 Del. Laws, c. 254, §  26;
5 DE Code § 1436. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 14. Foreign Banks|Subchapter III. Merger of Delaware Banks and Foreign Banks; Resulting Branch Offices of Foreign Banks|§ 1436. Applicability of other laws.

§ 1436. Applicability of other laws. Every foreign bank operating a resulting branch office in this State pursuant to this subchapter shall be deemed and held to be subject to this title and any other law or laws of this State making provision for the regulation of banks and trust companies where the same are not inconsistent with the express provisions of this subchapter including, without limitation, § 131 and § 132 of this title, subchapter VII of Chapter 7 of this title for the regulation of out-of-state banks operating resulting branch offices in this State, and subchapter I of this chapter for the regulation of foreign banks operating foreign bank branches, foreign bank limited purpose branches and foreign bank agencies in this State. 71 Del. Laws, c. 254, §  26;  72 Del. Laws, c. 35, §  19;
5 DE Code § 1501. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 15. Credit Card Institutions|Subchapter I. General Provisions|§ 1501. Scope; construction.

§ 1501. Scope; construction. This chapter provides for the creation of credit card institutions, chartered under the laws of this State, including institutions that accept collateral for extensions of credit by holding deposits under $100,000, and by other means that engage only in credit card operations, do not accept demand deposits or deposits that the depositor may withdraw by check or similar means for payment to third parties or others, do not accept any savings or time deposit of less than $100,000, maintain only one office that accepts deposits and do not engage in the business of making commercial loans, and are excepted from the definition of “bank” in the Bank Holding Company Act of 1956, as amended, 12 U.S.C. § 1841 et seq. 70 Del. Laws, c. 112, §  77;  72 Del. Laws, c. 15, §  18;
5 DE Code § 1502. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 15. Credit Card Institutions|Subchapter I. General Provisions|§ 1502. Applicability of other laws.

§ 1502. Applicability of other laws. A corporation formed under and pursuant to this chapter shall be known as a “credit card institution”, shall be subject to regulation by the State Bank Commissioner to the same extent as a bank organized under Chapter 7 of this title and shall be deemed and held to be subject to this title, and to any other general statute of this State making provision for the regulation of banks, where any of the foregoing are not inconsistent with the express provisions of this chapter. 70 Del. Laws, c. 112, §  77;
5 DE Code § 1503. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 15. Credit Card Institutions|Subchapter I. General Provisions|§ 1503. Taxation.

§ 1503. Taxation. Every corporation created under and pursuant to this chapter, and every corporation whose charter or certificate of incorporation is amended under this chapter, shall be subject to the same taxation which shall be fixed by the laws of this State for banks and trust companies. 70 Del. Laws, c. 112, §  77;
5 DE Code § 1505. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 15. Credit Card Institutions|Subchapter I. General Provisions|§ 1505. Corporate name.

§ 1505. Corporate name. No corporation formed under this chapter shall use the words “savings” or “trust” in its title or name. 70 Del. Laws, c. 112, §  77;
5 DE Code § 1510. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 15. Credit Card Institutions|Subchapter II. Formation|§ 1510. Incorporators.

§ 1510. Incorporators. Any person, partnership, association or corporation, singly or jointly with others, and without regard to that entity's residence, domicile or state of incorporation, may, upon the execution of written articles of association and upon compliance with this chapter, form a corporation, with the powers conferred by this chapter. 70 Del. Laws, c. 112, §  77;  70 Del. Laws, c. 186, §  1;
5 DE Code § 1511. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 15. Credit Card Institutions|Subchapter II. Formation|§ 1511. Articles of association; contents and execution.

§ 1511. Articles of association; contents and execution. (a) The articles of association of a credit card institution shall be executed by the incorporator(s), shall be acknowledged and shall set forth the intention of forming a corporation under this chapter, and shall specifically state:  (1) The name by which the corporation shall be known; (2) The purpose for which it is formed; (3) The city or town where its single place of business in this State open to the public will be located; (4) The amount of its capital stock, and the number of shares into which it is to be divided; (5) The number of its directors, which shall not be less than 5; (6) Whether or not the corporation is to have perpetual existence, and if not, the time when its existence is to cease; (7) Whether the private property of the stockholders shall be subject to the payment of corporate debts, and if so, to what extent. (b) The articles of association may also contain other provisions defining, limiting and regulating the powers of the corporation, the powers and duties of the directors and the powers of the stockholders, if such provisions are consonant with the object, purpose and provisions of this chapter and are not in conflict with this Code or any other general statute of this State relating to banks. 70 Del. Laws, c. 112, §  77;