Upon the issuance of the certificate of incorporation or certificate of formation by the Secretary of State and the recording of the certificate and articles of organization as provided in § 731 of this title, the corporation or limited liability company named in such certificate and articles of organization shall from the date of the certificate be and constitute a corporation or limited liability company, for the purposes and by the name set forth in the certificate, subject to dissolution, termination 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 or termination of or to the revocation or forfeiture of the charter or franchise of banks or trust companies; but the corporation or limited liability company 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 § 733 of this title.
Structure Delaware Code
Chapter 7. CORPORATION LAW FOR STATE BANKS AND TRUST COMPANIES
Subchapter II. Formation of Bank or Trust Company
§ 722. Incorporators; number and qualifications.
§ 723. Articles of association; contents and execution.
§ 724. Notice of intention to incorporate; publication.
§ 725. Application for a certificate of public convenience and advantage.
§ 726. Determination of public convenience.
§ 727. Organization meeting of incorporators; notice; proceedings.
§ 728. Articles of organization.
§ 729. Approval of articles of organization.
§ 730. Filing of articles of organization.
§ 731. Certificate of incorporation; issuance, form, recording and evidence.
§ 732. Commencement of corporate existence.
§ 733. Commencement of business; certificate authorizing.
§ 734. Revocation of charter for failure to commence business within reasonable time.