Delaware Code Title 6. Commerce and Trade § 2302. Secured demand loans for not less than $5,000 by banks and others

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Every contract for the loan or advance of money by banking corporations, within this State, shall be subject to § 2301 of this title.  In any case where loans or advances of money, made by banking corporations or otherwise, repayable on demand to an amount not less than $5,000, are made upon warehouse receipts, bills of lading, certificates of stock, certificates of deposit, bills of exchange, bonds, or other negotiable instruments, pledged as collateral security for such repayment, any sum agreed upon, in writing, by the parties to the transaction may be received, or contracted to be received, and collected as compensation for making the advances.

Cite this article: FindLaw.com - Delaware Code Title 6. Commerce and Trade § 2302. Secured demand loans for not less than $5,000 by banks and others - last updated January 01, 2019 | https://codes.findlaw.com/de/title-6-commerce-and-trade/de-code-sect-6-2302.html


FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard