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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
§ 791. Book value of assets.
Universal Citation:
5 DE Code § 791 (2025)
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§ 791. Book value of assets.
Without approval by the State Bank Commissioner no asset shall be carried on the books of the resulting bank at a valuation higher than that on the books of a merging or converting bank at the time of its last examination by a state or national bank examiner before the effective date of the merger or conversion.
5 Del. C. 1953, § 791; 49 Del. Laws, c. 126.;
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