Delaware Code (Titles 8, 9, 25, 30)
8 Del. C. § 159
Shares of stock; personal property, transfer and taxation
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.
Amendment history
56 Del. Laws, c. 50; 64 Del. Laws, c. 112, § 14
Source: view the official text
In this title (40 sections)
- 8-132 · Registered agent in State; resident agent
- 8-133 · Change of location of registered office; change of registered…
- 8-134 · Change of address or name of registered agent
- 8-135 · Resignation of registered agent coupled with appointment of…
- 8-136 · Resignation of registered agent not coupled with appointment of…
- 8-141 · Board of directors; powers; number, qualifications, terms and…
- 8-142 · Officers; titles, duties, selection, term; failure to elect;…
- 8-143 · Loans to employees and officers; guaranty of obligations of…
- 8-144 · Interested directors and officers; controlling stockholder…
- 8-145 · Indemnification of officers, directors, employees and agents;…
- 8-146 · Submission of matters for stockholder vote
- 8-147 · Authorization of agreements and other instruments [For…
- 8-151 · Classes and series of stock; redemption; rights
- 8-152 · Issuance of stock; lawful consideration; fully paid stock
- 8-153 · Consideration for stock
- 8-154 · Determination of amount of capital; capital, surplus and net…
- 8-155 · Fractions of shares
- 8-156 · Partly paid shares
- 8-157 · Rights and options respecting stock
- 8-158 · Stock certificates; uncertificated shares
- 8-159 · Shares of stock; personal property, transfer and taxation
- 8-160 · Corporation’s powers respecting ownership, voting, etc., of its…
- 8-161 · Issuance of additional stock; when and by whom
- 8-162 · Liability of stockholder or subscriber for stock not paid in…
- 8-163 · Payment for stock not paid in full
- 8-164 · Failure to pay for stock; remedies
- 8-165 · Revocability of preincorporation subscriptions
- 8-166 · Formalities required of stock subscriptions
- 8-167 · Lost, stolen or destroyed stock certificates; issuance of new…
- 8-168 · Judicial proceedings to compel issuance of new certificate or…
- 8-169 · Situs of ownership of stock
- 8-170 · Dividends; payment; wasting asset corporations
- 8-171 · Special purpose reserves
- 8-172 · Liability of directors and committee members as to dividends or…
- 8-173 · Declaration and payment of dividends
- 8-174 · Liability of directors for unlawful payment of dividend or…
- 8-201 · Transfer of stock, stock certificates and uncertificated stock
- 8-202 · Restrictions on transfer and ownership of securities
- 8-203 · Business combinations with interested stockholders
- 8-204 · Ratification of defective corporate acts and stock [For…