Delaware § 7401 - Definitions.
Full text of Delaware Delaware Code § 7401 — Definitions., with citation guidance and answers to common questions.
§ 7401. Definitions.
As used in this chapter:
(1) “Authorization act” means an act of the General Assembly, concurred in by 3/4 of all the members of each House, appropriating funds of the State from the proceeds of bonds authorized to be issued by such act.
(2) “Bonds” means any bonds authorized to be issued by the State pursuant to an authorization act and to the payment of which the State has pledged its full faith and credit.
(3) “Certificated obligation” means a registered bond, note or revenue note represented by an instrument.
(4) “Issuing officers” means the Governor, Secretary of State, State Treasurer and Secretary of Finance of the State.
(5) “Notes” means notes issued by the State in anticipation of the issuance of bonds authorized by an authorization act and to the payment of which the State has pledged its full faith and credit.
(6) “Revenue notes” means notes issued by the State in anticipation of the receipt by the State of taxes and revenues payable to the State and the payment of which the State has pledged its full faith and credit.
(7) “Uncertificated obligation” means a registered bond, note or revenue note which is not represented by an instrument.
29 Del. C. 1953, § 7401; 54 Del. Laws, c. 124; 59 Del. Laws, c. 378, § 5; 62 Del. Laws, c. 146, §§ 6, 7; 64 Del. Laws, c. 131, § 11(a), (f); 65 Del. Laws, c. 119, § 1;Frequently Asked Questions About Delaware § 7401
What does Delaware Code § 7401 cover?
Section 7401 ("Definitions.") 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 § 7401?
A common citation format is "Delaware Code § 7401" (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 § 7401 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.