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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
§ 790. Nonconforming assets or business.
Universal Citation:
5 DE Code § 790 (2025)
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§ 790. Nonconforming assets or business.
If a merging or converting bank has assets which do not conform to the requirements of state laws for the resulting state bank or carries on business activities which are not permitted for the resulting state bank, the State Bank Commissioner may permit a reasonable time to conform with state law.
5 Del. C. 1953, § 790; 49 Del. Laws, c. 126; 57 Del. Laws, c. 740, § 19F;
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