Legal Opinion
Mid-Penn National Mortgage Company v. Hughes
Superior Court of Delaware
Decided October 10, 1969PublishedCited by 3 opinions
1Opinion of the Court
STIFTEL, President Judge.
Mid-Penn National Mortgage Company is a Delaware corporation but none of its stockholders are Delawareans. Mid-Penn wants to get into the secondary mortgage loan business in Delaware. The State Banking Commissioner says it cannot because it does not comply with Section 3103 of Title 5, Delaware Code. Mid-Penn says that the portion of § 3103 which pertains to corporate applicants is in violation of Article I, § 7, of the Constitution of Delaware, Del.C.Ann.
Section 3103 is part of Chapter 31, enacted in 1966, entitled the “Secondary Mortgage Loan Act”. 1 The Act was…
2Cases cited11 opinions
- Gallegher v. DavisSuperior Court of Delaware · 1936
- OXFORD CONSUMER DIS. CO. v. StefanelliNew Jersey Superior Court Appellate Division · 1968
- Van Winkle v. StateSupreme Court of Delaware · 1914
- State v. HobsonSupreme Court of Delaware · 1951
- Mayor of Wilmington v. TurkCourt of Chancery of Delaware · 1925
6 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Globe Liquor Co. v. Four Roses Distillers CompanySupreme Court of Delaware · 1971
- American Trust Co. v. South Carolina State Board of Bank ControlDistrict Court, D. South Carolina · 1974
- Atlantic Richfield Co. v. TribbittCourt of Chancery of Delaware · 1977