Delaware Administrative Code
Title 5 - Banking
1100 - Taxation
1113 - Election by a Subsidiary Corporation of a Banking Organization or Trust Company to be Taxed in Accordance with Chapter 19 of Title 30
Section 1113-1.0 - Qualifications for Election

Universal Citation: 5 DE Admin Code 1113-1.0
Current through Register Vol. 28, No. 3, September 1, 2024

Pursuant to 5 Del.C. § 1101 (e) and § 1101A(c)(2), a subsidiary corporation of a banking organization or trust company may elect to be taxed in accordance with Chapter 19 of Title 30 if the subsidiary is not itself a banking organization or trust company, if the subsidiary is not described in §1902(b)(8) of Title 30, and if the subsidiary is not engaged in the sale, distribution, underwriting of, or dealing in, securities.

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