§ 3302. Findings; declaration of purposes.
§ 3302. Findings; declaration of purposes. (a) It is determined and declared as a matter of legislative finding that: (1) The availability of financial and management assistance are important resources to small businesses to locate, remain and expand in the State, which, in time, will result in increased employment opportunities in the State. (2) There […]
§ 3206. Applications.
§ 3206. Applications. Each application for a license shall be made in writing and under oath to the Commissioner in such form and containing such information as the Commissioner may prescribe including the name and business and residence address: (1) Of the proprietor, if the applicant is an individual; (2) Of every member, if the […]
§ 3303. Definitions.
§ 3303. Definitions. For the purposes of this chapter, unless otherwise specifically defined, or unless another intention clearly appears or unless the context requires a different meaning: (1) “Affiliate” means, if used with respect to a specified person other than a natural person, a person controlling or controlled by such specified person, or a person […]
§ 3207. Accompanying fees and statements.
§ 3207. Accompanying fees and statements. Each application for a license shall be accompanied by: (1) An investigation fee of $250, which shall not be subject to refund; (2) The annual license fee as specified in § 3210 of this title; (3) Financial statements reasonably satisfactory to the Commissioner. 5 Del. C. 1953, § 3207; […]
§ 3304. Applicability of other laws.
§ 3304. Applicability of other laws. A corporation licensed under and pursuant to this chapter shall be known as a Bidco, shall be subject to regulation by the Commissioner and shall be deemed subject to the General Corporation Law of Delaware to the extent that such law is not inconsistent with the express provisions of […]
§ 3208. Action by the Commissioner; conditional approval.
§ 3208. Action by the Commissioner; conditional approval. Upon the filing of the application and the payment of the investigation fee and the annual license fee, the Commissioner shall, to the extent the Commissioner deems advisable, investigate the financial responsibility, financial condition, financial and business experience, character and general fitness of the applicant, and if […]
§ 3305. Corporate name.
§ 3305. Corporate name. Each corporation licensed under this chapter shall use the word “Bidco” in its corporate name. 66 Del. Laws, c. 344, § 1;
§ 3209. License; bond; insurance.
§ 3209. License; bond; insurance. (a) Within 30 days after the applicant receives written notice of the conditional approval by the Commissioner of an application for original license as provided in § 3208 hereof, or within such longer period as the Commissioner may authorize, the applicant shall file with the Commissioner a corporate surety bond […]
§ 3306. Supervision of Bidcos.
§ 3306. Supervision of Bidcos. (a) The Commissioner shall administer this chapter and shall have supervision responsibility for all Bidcos incorporated under the laws of this State, and shall secure the execution of all laws relative to Bidcos. (b) The Commissioner shall issue orders and promulgate rules and regulations that are deemed necessary or appropriate […]
§ 3210. Renewal of license; annual license fee.
§ 3210. Renewal of license; annual license fee. Every holder of a license or a renewal thereof, as provided for in this section, desiring to continue the transaction of business as provided for in this chapter, shall at least 30 days prior to the expiration of such license or renewal thereof make application to the […]