CHAPTER 438

FORMERLY

HOUSE BILL NO. 807

AS AMENDED BY HOUSE AMENDMENT NO. 1

AN ACT TO AMEND SUBCHAPTER XV, TITLE 8, DELAWARE CODE RELATING TO EXCEPTIONS TO QUALIFICATION REQUIREMENTS FOR FOREIGN CORPORATIONS, TO EXCEPT CORPORATIONS MAKING OR ACQUIRING LOANS OR SECURING OR COLLECTING DEBTS.

Be it enacted by the General Assembly of the State of Delaware (two-thirds of all the members elected to each branch thereof concurring therein):

Section 1. Amend §373 (a), Subchapter XV, Title 8, Delaware Code, by adding thereto new subsections 6 and 7 to read as follows:

"(6) If it creates, as borrower or lender, or acquires, evidences of debt, mortgages or liens on real or personal property;

(7) If it secures or collects debts or enforces any rights in property securing the same."

Approved July 11, 1974