The shares of stock in every corporation shall be deemed personal property and transferable as provided in Article 8 of subtitle I of Title 6. No stock or bonds issued by any corporation organized under this chapter shall be taxed by this State when the same shall be owned by nonresidents of this State, or by foreign corporations. Whenever any transfer of shares shall be made for collateral security, and not absolutely, it shall be so expressed in the entry of transfer if, when the certificates are presented to the corporation for transfer or uncertificated shares are requested to be transferred, both the transferor and transferee request the corporation to do so.
Structure Delaware Code
Chapter 1. GENERAL CORPORATION LAW
Subchapter V. Stock and Dividends
§ 151. Classes and series of stock; redemption; rights.
§ 152. Issuance of stock; lawful consideration; fully paid stock.
§ 153. Consideration for stock.
§ 154. Determination of amount of capital; capital, surplus and net assets defined.
§ 157. Rights and options respecting stock.
§ 158. Stock certificates; uncertificated shares.
§ 159. Shares of stock; personal property, transfer and taxation.
§ 161. Issuance of additional stock; when and by whom.
§ 162. Liability of stockholder or subscriber for stock not paid in full.
§ 163. Payment for stock not paid in full.
§ 164. Failure to pay for stock; remedies.
§ 165. Revocability of preincorporation subscriptions.
§ 166. Formalities required of stock subscriptions.
§ 168. Judicial proceedings to compel issuance of new certificate or uncertificated shares.
§ 169. Situs of ownership of stock.
§ 170. Dividends; payment; wasting asset corporations.
§ 171. Special purpose reserves.
§ 172. Liability of directors and committee members as to dividends or stock redemption.