Delaware § 1914 - Contingent fund.
Full text of Delaware Delaware Code § 1914 — Contingent fund., with citation guidance and answers to common questions.
§ 1914. Contingent fund.
A building and loan association may set aside in its treasury, out of its earnings, a contingent fund which shall be used only for the purpose of paying losses and necessary expenses incurred in the maturing of any of its series of stock, and for the purpose of establishing and making equal, as nearly as may be, the time of maturing of all of the series. The funds so set aside may be invested as other funds of the association.
32 Del. Laws, c. 107, § 19; 37 Del. Laws, c. 133, § 4; Code 1935, § 2354; 5 Del. C. 1953, § 1914;Frequently Asked Questions About Delaware § 1914
What does Delaware Code § 1914 cover?
Section 1914 ("Contingent fund.") is part of the Delaware Code, the codified statutory law of Delaware. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Delaware § 1914?
A common citation format is "Delaware Code § 1914" (Delaware). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Delaware law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Delaware official source linked on this page or consult a licensed Delaware attorney.
How does Delaware § 1914 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Delaware can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Delaware.