Delaware Code (Titles 8, 9, 25, 30)
8 Del. C. § 379
Banking powers denied
# (a)
No foreign corporation shall, within the limits of this State, by any implication or construction, be deemed to possess the power of discounting bills, notes or other evidence of debt, of receiving deposits, of buying and selling bills of exchange, or of issuing bills, notes or other evidences of debt upon loan for circulation as money, anything in its charter or articles of incorporation to the contrary notwithstanding, except as otherwise provided in subchapter VII of Chapter 7 or in Chapter 14 of Title 5.
# (b)
All certificates issued by the Secretary of State under § 371 of this title shall expressly set forth the limitations and restrictions contained in this section.
Amendment history
56 Del. Laws, c. 50; 57 Del. Laws, c. 148, § 36; 70 Del. Laws, c. 112, § 78; 71 Del. Laws, c. 254, § 35; 79 Del. Laws, c. 122, § 9
Source: view the official text
In this title (40 sections)
- 8-353 · Appointment of a provisional director in certain cases
- 8-354 · Operating corporation as partnership
- 8-355 · Stockholders’ option to dissolve corporation
- 8-356 · Effect of this subchapter on other laws
- 8-361 · Law applicable to public benefit corporations; how formed
- 8-362 · Public benefit corporation defined; contents of certificate of…
- 8-363 · Nonprofit nonstock corporations [For application of this…
- 8-364 · Stock certificates; notices regarding uncertificated stock
- 8-365 · Duties of directors
- 8-366 · Periodic statements and third-party certification
- 8-367 · Suits to enforce the requirements of § 365(a) of this title
- 8-368 · No effect on other corporations
- 8-371 · Definition; qualification to do business in State; procedure
- 8-372 · Additional requirements in case of change of name, change of…
- 8-373 · Exceptions to requirements
- 8-374 · Annual report
- 8-375 · Failure to file report
- 8-376 · Service of process upon qualified foreign corporations
- 8-377 · Change of registered agent; reinstatement of qualification to…
- 8-378 · Penalties for noncompliance
- 8-379 · Banking powers denied
- 8-380 · Foreign corporation as fiduciary in this State
- 8-381 · Withdrawal of foreign corporation from State; procedure;…
- 8-382 · Service of process on nonqualifying foreign corporations
- 8-383 · Actions by and against unqualified foreign corporations
- 8-384 · Foreign corporations doing business without having qualified;…
- 8-385 · Filing of certain instruments with recorder of deeds not…
- 8-388 · Domestication of non-United States entities [For application of…
- 8-389 · Temporary transfer of domicile into this State
- 8-390 · Transfer, domestication or continuance of domestic corporations…
- 8-391 · Amounts payable to Secretary of State upon filing certificate…
- 8-392 · [Reserved.]
- 8-393 · Rights, liabilities and duties under prior statutes
- 8-394 · Reserved power of State to amend or repeal chapter; chapter…
- 8-395 · Corporations using “trust” in name, advertisements and…
- 8-396 · Publication of chapter by Secretary of State; distribution
- 8-397 · Penalty for unauthorized publication of chapter
- 8-398 · Short title
- 8-501 · Corporations subject to and exempt from franchise tax
- 8-502 · Annual franchise tax report; contents; failure to file and pay…