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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
§ 789. Abandonment of trust powers and provision for successor fiduciaries.
Universal Citation:
5 DE Code § 789 (2025)
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§ 789. Abandonment of trust powers and provision for successor fiduciaries.
Where a resulting state bank is not to exercise trust powers, the State Bank Commissioner shall not approve a merger or conversion until satisfied that adequate provision has been made for successors to fiduciary positions held by the merging banks or the converting bank.
5 Del. C. 1953, § 789; 49 Del. Laws, c. 126; 57 Del. Laws, c. 740, § 19H;
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