reglab/housing_qa huggingface dataset:
5 DE Code § 1543. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 15. Credit Card Institutions|Subchapter IV. Powers, Conditions and Prohibitions|§ 1543. Revocation of authority to transact business.

§ 1543. Revocation of authority to transact business. (a) Upon determining that any corporation organized under this chapter is engaging in any activity not permitted by § 1541 of this title or has more than 1 office that accepts deposits, the State Bank Commissioner may issue an order to such corporation requiring it to take such steps by a date certain as the Commissioner determines are necessary to cure such violation. (b) Upon determining that any corporation organized under this chapter has failed to timely comply with any order issued under subsection (a) of this section, the State Bank Commissioner shall, by order effective no earlier than 10 nor later than 30 days after issuance, revoke such corporation's authority to transact business in this State. Upon the effective date of such order, and so long as such order has not been suspended or set aside pursuant to subsection (c) of this section or withdrawn by the State Bank Commissioner, such corporation shall cease all business activity of any kind in this State, but shall maintain a registered office in this State for the purpose of accepting service of legal process. (c) The Court of Chancery of the State shall have exclusive original jurisdiction of any judicial review of an order issued under subsection (b) of this section, any other provision of law notwithstanding. Such review may be sought by the corporation affected at any time within 1 year of the date of such order. Review of such order shall be de novo and such order will be specifically enforced by the Court of Chancery upon a final determination that at the time of its issuance the order was valid in all respects. The Court of Chancery may, in the exercise of its equitable jurisdiction in appropriate cases, suspend the operation of an order issued under subsection (b) of this section while judicial review of such order proceeds. An order issued under subsection (a) of this section shall not be subject to judicial review. 70 Del. Laws, c. 112, §  77;
5 DE Code § 1544. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 15. Credit Card Institutions|Subchapter IV. Powers, Conditions and Prohibitions|§ 1544. Merger with or conversion into national bank.

§ 1544. Merger with or conversion into national bank. No corporation established under this chapter may merge with or convert into a national bank, except as otherwise provided pursuant to § 793 of this title. 70 Del. Laws, c. 112, §  77;  71 Del. Laws, c. 19, §  62;
5 DE Code § 1601. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter I. General Provisions|§ 1601. Establishment of savings banks; definition.

§ 1601. Establishment of savings banks; definition. Savings banks shall be established or created in this State under and in accordance with this chapter. The term “savings bank,” as used in this chapter, refers to a corporation organized under this chapter. The provisions of this chapter specifically relating to capital stock or stockholders of a savings bank shall not apply to a savings bank without capital stock. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1602. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter I. General Provisions|§ 1602. Applicability of other laws.

§ 1602. Applicability of other laws. Every corporation created under this chapter shall be deemed to be subject to and entitled to the benefit of this Code, including, but not limited to, provisions in Chapter 7 of this title that apply generally to banks and any other general statutes of this State making provision for the regulation of banks and trust companies or for the regulation and governance of corporations established under Title 8, where the same are not inconsistent with the express provisions of this chapter. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1603. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter I. General Provisions|§ 1603. Taxation.

§ 1603. Taxation. Every corporation created by or under this chapter shall be subject to the same taxation as shall be fixed by the laws of this State for banks and trust companies. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1621. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1621. Incorporators; number and qualifications.

§ 1621. Incorporators; number and qualifications. Three or more persons of lawful age, at least 2 of whom must be citizens of this State, who associate themselves by a written agreement, hereinafter called “articles of association,” for the purpose of forming a savings bank may, upon compliance with this chapter, become a corporation, with the powers conferred by this chapter and subject to the regulations prescribed by this chapter and subject also to the regulations prescribed for banks and trust companies by any general statute of this State. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1622. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1622. Articles of association; contents and execution.

§ 1622. Articles of association; contents and execution. (a) The articles of association shall set forth that the subscribers thereto associate themselves with the intention of forming a corporation, 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 place of business will be located; (4) If the corporation is to be authorized to issue capital stock, the amount of its capital stock and the number of shares into which it is to be divided. If the corporation is not to have authority to issue capital stock, that fact shall be stated in the certificate of incorporation, together with the conditions of membership in the corporation, or the certificate may provide that the conditions of membership shall be stated in the bylaws; (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 or members, 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 savings banks. (c) Each incorporator shall subscribe to the articles the incorporator's name, residence, post-office address and the number of shares of stock which the incorporator agrees to take, and shall acknowledge the same to be the incorporator's act and deed before some officer authorized by the laws of this State to take acknowledgments of deeds. (d) The articles of association may contain an article which provides that any article or provision thereof shall not be amended, modified, repealed or otherwise changed in any manner whatsoever. Such an article, when approved by the Commissioner under § 1628 of this title, shall be valid, binding and enforceable against the corporation and its shareholders or members notwithstanding any other provision of this title. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1623. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1623. Notice of intention to incorporate; publication.

§ 1623. Notice of intention to incorporate; publication. Notice of the intention of the incorporators to form a savings bank shall be given to the State Bank Commissioner, and a notice in such form as the Commissioner shall approve shall be published at least once a week, for 2 successive weeks, in 1 or more newspapers designated by the Commissioner, at least 1 of which newspapers shall be published in the county where it is proposed to establish the bank or trust company. The published notice shall specify the names of all the associates, the name of the proposed corporation, the city or town where it is to be located and the amount of its capital stock. 71 Del. Laws, c. 25, §  35;  72 Del. Laws, c. 15, §  22;
5 DE Code § 1624. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1624. Application for a certificate of public convenience and advantage.

§ 1624. Application for a certificate of public convenience and advantage. Within 60 days after the second publication of the notice of intention to incorporate, but not before the expiration of 20 days from the date of the second publication, the incorporators shall apply to the State Bank Commissioner for a certificate that public convenience and advantage will be promoted by the establishment of the savings bank. 71 Del. Laws, c. 25, §  35;  72 Del. Laws, c. 15, §  23;
5 DE Code § 1625. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1625. Determination of public convenience.

§ 1625. Determination of public convenience. Upon the application for a certificate that public convenience and advantage will be promoted by the establishment of the savings bank, the State Bank Commissioner shall consider and determine whether public convenience and advantage would be promoted by the establishment of the savings bank, and whether the terms and provisions of the articles of association are in compliance with this chapter and shall issue or refuse to issue a certificate in accordance with such determination. If the Commissioner refuses to issue a certificate, no further proceedings shall be had, but the application may be renewed after 1 year from the date of the refusal. If the Commissioner issues the certificate, the incorporators shall hold the first meeting and follow the procedure prescribed by § 1626 of this title. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1626. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1626. Organization meeting of incorporators; notice; proceedings.

§ 1626. Organization meeting of incorporators; notice; proceedings. (a) The first meeting of the incorporators shall be called by a notice signed either by the incorporator who is designated in the articles of association for the purpose or by a majority of the incorporators. The notice shall state the time, place and purposes of the meeting. A copy of the notice shall, at least 7 days before the day appointed for the meeting, be given to each incorporator, or left at the incorporator's residence or usual place of business or deposited in the post office, postage prepaid, and addressed to the incorporator at the incorporator's residence or usual place of business, and another copy thereof and an affidavit of 1 of the incorporators that the notice has been duly served shall be filed and recorded with the records of the corporation. If all the incorporators shall, in writing, endorsed upon the articles of association, waive such notice and fix the time and place of the meeting, no notice shall be required. (b) At the first meeting, or at any adjournment thereof, the incorporators shall organize by the choice by ballot of a temporary secretary, by the adoption of bylaws and by the election, in such manner as the bylaws may determine, of directors, a president, a secretary and such other officers as the bylaws may prescribe. All the officers so elected shall be sworn to the faithful performance of their duties. The temporary secretary shall make and attest a record of the proceedings until the secretary has been chosen and sworn, including a record of such choice and qualification. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1627. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1627. Articles of organization.

§ 1627. Articles of organization. The president and a majority of the directors elected at the organization meeting of the incorporators shall make, sign and make oath to a certificate (hereinafter called “articles of organization”) setting forth:  (1) A true copy of the articles of association; (2) The names of the subscribers thereto; (3) The name, residence and post-office address of each of the officers of the corporation; and (4) The date of the first meeting and the successive adjournments thereof, if any.71 Del. Laws, c. 25, §  35;
5 DE Code § 1628. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1628. Approval of articles of organization.

§ 1628. Approval of articles of organization. The articles of organization, together with the records of the proposed corporation, shall be submitted to the State Bank Commissioner. The Commissioner shall examine the same, and may require such amendment thereof or such additional information as the Commissioner may consider proper or necessary. If the Commissioner finds that the provisions of law have been complied with, the Commissioner shall endorse the Commissioner's approval upon the articles of organization. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1629. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1629. Filing of articles of organization.

§ 1629. Filing of articles of organization. The articles of organization with the endorsement of the State Bank Commissioner shall, within 30 days after the date of the endorsement, be filed in the office of the Secretary of State. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1631. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1631. Commencement of corporate existence.

§ 1631. Commencement of corporate existence. Upon the issuance of the certificate of incorporation by the Secretary of State and the recording of the certificate and articles of organization as provided in § 1630 of this title, the persons named in the certificate, their successors and assigns shall, from the date of the certificate, be and constitute a body corporate, for the purposes and by the name set forth in the certificate, subject to dissolution or the revocation or forfeiture of the franchise under this chapter or under this Code or any other statute of this State relating to the dissolution of or to the revocation or forfeiture of the charter or franchise of banks or trust companies; but the corporation shall not have the right to do any business until it has secured from the State Bank Commissioner of this State the certificate provided for in § 1632 of this title. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1632. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1632. Commencement of business; certificate authorizing.

§ 1632. Commencement of business; certificate authorizing. (a) A certified copy of the certificate of incorporation and of the articles of organization and the endorsement of the approval of the State Bank Commissioner shall be filed with the State Bank Commissioner. (b) (1) If the corporation is to be authorized to issue capital stock, when the whole capital stock has been issued, a list of the stockholders, with the name, residence and post-office address of each and the number of shares held by each shall be filed with the State Bank Commissioner, which list shall be certified by the president and the cashier or treasurer of the corporation. Upon receipt of the list, the Commissioner shall cause an examination to be made of the method of payment of the capital stock and if, after such examination, it appears that the whole capital stock has been paid in cash and that all requirements of this Code and any other law have been complied with, the Commissioner shall issue a certificate authorizing the corporation to begin the transaction of business. (2) If the corporation is not to have authority to issue capital stock, an aggregate minimum dollar amount and number of savings accounts shall be subscribed for and paid in cash, as determined by the Commissioner, which payment shall be certified by the president and the cashier or treasurer of the corporation. Upon receipt of the foregoing certification of payment, the Commissioner shall cause an examination to be made of the subscription and payment of such savings accounts and if, after such examination, it appears that the requisite dollar amount and number of savings accounts have been subscribed for and paid in cash and that all the requirements of this Code and any other law have been complied with, the Commissioner shall issue a certificate authorizing the corporation to begin the transaction of business. (c) No corporation shall begin the transaction of business until a certificate has been granted by the Commissioner in accordance with subsection (b) of this section. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1633. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1633. Revocation of charter for failure to commence business within reasonable time.

§ 1633. Revocation of charter for failure to commence business within reasonable time. Every corporation created under this chapter shall, after the expiration of a reasonable time from the date of its incorporation, as determined by the State Bank Commissioner, be actively engaged in the business for which it was created or its certificate of incorporation and corporate franchise shall be deemed and held to be revoked. The Commissioner shall by regulations prescribe the criteria to be applied in determining what constitutes a reasonable period of time. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1634. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter II. Formation of a Savings Bank|§ 1634. Fees of Secretary of State and Commissioner.

§ 1634. Fees of Secretary of State and Commissioner. The following fees shall be collected by and paid to the Secretary of State, for the use of the State:  (1) For making and issuing the certificate of incorporation, $11.50; (2) For making the certified copy of the articles of association, $11.50; (3) For making the certified copy of the certificate of incorporation to be kept on file in the office of the Secretary of State and for filing and indexing the same and the articles of association in said office, $5.75; (4) For supplying any additional certified copy of the certificate of incorporation or articles of association requested by the corporation, $5.75. Before issuing the certificate authorizing the corporation to begin the transaction of business, the State Bank Commissioner shall collect from the corporation, for the use of the State, the sum of $5,750. In addition the applicant shall pay an investigation fee of $1,150, which shall not be refundable and shall be submitted with the application. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1641. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter III. Conduct of Internal Corporate Affairs|§ 1641. Bylaws, adoption, amendment and repeal.

§ 1641. Bylaws, adoption, amendment and repeal. A corporation may adopt bylaws for the proper management of its affairs and may establish regulations controlling the assignment and transfer of its shares. The first set of bylaws shall be adopted at the meeting of the incorporators, as provided in § 1626 of this title, but thereafter the power to make, alter or repeal bylaws shall be in the stockholders or members of the corporation, provided that any corporation may, in the certificate of incorporation, confer that power upon the directors. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1642. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter III. Conduct of Internal Corporate Affairs|§ 1642. Directors; number, quorum, term, vacancies and oath.

§ 1642. Directors; number, quorum, term, vacancies and oath. (a) The business of every corporation organized under this chapter shall be managed by a board of directors. The number of directors which shall constitute the whole board shall be such as may be specified in the articles of association, but in no case shall the number be less than 5. The bylaws shall prescribe how many directors shall constitute a quorum for the transaction of business. (b) The directors elected at the organization meeting of the incorporators, as provided in § 1626 of this title, shall hold office until the succeeding annual meeting of the stockholders or members and until their successors have been duly chosen and qualified, and thereafter directors shall be elected at the annual meeting of the stockholders or members or at an adjournment of the annual meeting. Vacancies in the board of directors shall be filled by a majority of the remaining directors, though less than a quorum, and the directors so chosen shall hold office until the next annual election and until their successors shall be duly elected and qualified. (c) Every director shall be sworn to the faithful performance of the director's duties. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1643. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter III. Conduct of Internal Corporate Affairs|§ 1643. Stockholders' meetings; time, place, adjournment and quorum.

§ 1643. Stockholders' meetings; time, place, adjournment and quorum. (a) Meetings of stockholders (except the meeting of incorporators referred to in § 1626 of this title) shall be held in this State. The bylaws shall fix the time of the annual meeting and may provide for special or called meetings of stockholders. (b) Any meeting of the stockholders may be adjourned and at such adjourned meeting, any business may be transacted that could have been acted on at the meeting which was adjourned. (c) The bylaws may prescribe what number of shares shall be represented at any stockholders' meeting to constitute a quorum, but in the absence of such a provision, any number of shares represented at a stockholders' meeting shall be sufficient for the transaction of business thereat. 71 Del. Laws, c. 25, §  35;
5 DE Code § 1644. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 16. Corporation Law for State Savings Banks|Subchapter III. Conduct of Internal Corporate Affairs|§ 1644. Voting rights of stockholders.

§ 1644. Voting rights of stockholders. Each stockholder shall, at every meeting of the stockholders, be entitled to 1 vote in person or by proxy for each share of the capital stock held by such stockholder on all issues on which such stockholder is entitled to vote. No stock shall be voted which shall have been transferred on the books of the corporation within 20 days next preceding the stockholders' meeting. 71 Del. Laws, c. 25, §  35;