Delaware Code
Title 5 - Banking
Chapter 33. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS

Subchapter I. General Provisions

§ 3301. Short title. - This chapter shall be known and may be cited as...

§ 3302. Findings; declaration of purposes. - (a) It is determined and declared as a matter of...

§ 3303. Definitions. - For the purposes of this chapter, unless otherwise specifically defined,...

§ 3304. Applicability of other laws. - A corporation licensed under and pursuant to this chapter shall...

§ 3305. Corporate name. - Each corporation licensed under this chapter shall use the word...

§ 3306. Supervision of Bidcos. - (a) The Commissioner shall administer this chapter and shall have...

§ 3307. Fees. - The Commissioner shall establish a schedule of fees, which the...

§ 3308. Liberal construction. - This chapter shall be liberally construed to accomplish its purposes.

Subchapter II. Licensing

§ 3311. Applications; review by Commissioner. - (a) A Delaware corporation may apply to the Commissioner for...

§ 3312. Voluntary surrender of Bidco license. - (a) Upon approval of a two-thirds vote of its board...

Subchapter III. Conduct of Bidco Business

§ 3321. Office. - (a) A licensee shall maintain not less than 1 office...

§ 3322. Business of a Bidco. - (a) The business of a licensee shall be the business...

§ 3323. Control of business firm prohibited; exceptions. - (a) Either by itself or in concert with 1 or...

§ 3324. Business of Bidco to be conducted in prudent business manner. - (a) A licensee shall transact its business in a prudent...

§ 3325. Avoidance of conflict of interest. - (a) A licensee shall avoid any transaction or act which...

Subchapter IV. Mergers, Acquisitions and Sale of Business Assets

§ 3331. General rules. - (a) Without the prior approval of the Commissioner, a licensee...

Subchapter V. Operating Rules Governing Business of Bidcos

§ 3341. Form and maintenance of Bidco records; annual audited report. - (a) A licensee shall make and keep books, accounts and...

§ 3342. Periodic report requirements. - In addition to the audited report required by § 3341(b)...

§ 3343. Examination of Bidcos. - (a) The Commissioner shall visit and examine each licensee as...

Subchapter VI. Enforcement Powers of Commissioner

§ 3351. Investigations. - (a) The Commissioner may make such investigations within or without...

§ 3352. False statements, entries or reports; penalty. - Every director, officer, agent, clerk or employee of any entity...

§ 3353. Violations; remedies. - (a) Subject to the State Administrative Procedures Act, the Commissioner...

§ 3354. Receivership. - (a) If the Commissioner finds that a licensee is insolvent,...

§ 3355. Penalties. - (a) Subject to the State Administrative Procedures Act, should the...