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2025 Delaware Code
Title 5 - Banking
Chapter 7. CORPORATION LAW FOR STATE BANKS AND TRUST COMPANIES
Subchapter VI. Merger, Consolidation or Conversion of National, State Bank or Trust Company
§ 781. Definitions.
Universal Citation:
5 DE Code § 781 (2025)
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§ 781. Definitions. 5 Del. C. 1953, § 781; 49 Del. Laws, c. 126.;
As used in this subchapter:
(1) “Bank” means a state or a national bank.
(2) “Continuing bank” means a merging bank, the charter of which becomes the charter of the resulting bank.
(3) “Converting bank” means a bank converted from a state to a national bank, or the reverse.
(4) “Merger” includes consolidation.
(5) “Merging bank” means a party to a merger.
(6) “National bank” means a national bank association located in this State.
(7) “Resulting bank” means the bank resulting from a merger or conversion.
(8) “State bank” means a bank or trust company chartered under the laws of this State.
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