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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

5 Del. C. § 1515: Organizational meeting; notice; proceedings.

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Where this section sits in the code
  1. Title 5. Banking
  2. Banks and Trust Companies
  3. CHAPTER 15. Credit Card Institutions
  4. Subchapter II. Formation

At the organizational meeting or at any adjournment thereof, the incorporator(s) shall appoint a temporary secretary, adopt bylaws and elect, in such matter as the bylaws may determine, directors, a president, a secretary and such other officers as the bylaws may prescribe. All the officers so elected shall be sworn to the faithful performance of their duties. The temporary secretary shall make and attest a record of the proceedings until the secretary has been chosen and sworn, including a record of such choice and qualification.

Collected 2026-09-05T23:02:05Z. Source file · JSON

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