Delaware § 5108 - Registered or closely held securities.
Full text of Delaware Delaware Code § 5108 — Registered or closely held securities., with citation guidance and answers to common questions.
§ 5108. Registered or closely held securities.
Sections 5103, 5104 and 5105 of this title shall not apply to equity securities of a domestic stock insurer if:
(1) Such securities shall be registered or shall be required to be registered, pursuant to § 12 of the Securities Exchange Act of 1934, as amended [15 U.S.C. § 78l]; or if
(2) Such domestic stock insurer shall not have any class of its equity securities held of record by 100 or more persons on the last business day of the year next preceding the year in which equity securities of the insurer would be subject to the provisions of §§ 5103, 5104 and 5105 of this title except for the provisions of this clause.
18 Del. C. 1953, § 5108; 56 Del. Laws, c. 380, § 1;Frequently Asked Questions About Delaware § 5108
What does Delaware Code § 5108 cover?
Section 5108 ("Registered or closely held securities.") 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 § 5108?
A common citation format is "Delaware Code § 5108" (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 § 5108 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.