CHAPTER 167
FORMERLY
SENATE BILL NO. 120
AS AMENDED BY
SENATE AMENDMENT NO. 1
AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO COMMERCE AND TRADE; AND PROVIDING FOR THE ESTABLISHMENT OF FOREIGN TRADE ZONES.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (two-thirds of the members elected to each branch thereof concurring therein):
Section 1. Amend Part IV, Title 6 of the Delaware Code by adding thereto a new chapter, designated as Chapter 75, which new Chapter shall read as follows:
"CHARTER 75. FOREIGN TRADE ZONES
As used in this Chapter, unless the context requires otherwise, the following words and phrases shall mean:
(a) 'Public corporation' shall mean this State, a political subdivision thereof, a corporate instrumentality of this State and one or more other States, or a bi-State compact.
(b) 'Private corporation' shall mean a general and business or a general not-for-profit corporation organized under the laws of this State.
All public and private corporations shall have the power to apply to the proper authorities of the United States government for a grant, and when such a grant is issued, to establish and operate foreign trade zones under the provisions of the Foreign Trade Zones Act of 1934 as amended, on the effective date of this Chapter."