Del. Code tit. 18 § 1102A

Current through 2024 Legislative Session Act Chapter 269

Section 1102A - Bank insurance department or division distinct from bank

The assets of any insurance department or division of a bank or trust company established pursuant to § 767(a) of Title 5 shall be liable for and applicable to the payment and satisfaction of the liabilities, obligations and expenses of such insurance department or division only. The liabilities, obligations and expenses of any such insurance department or division shall be applied against and paid and satisfied solely out of the assets of such insurance department or division.

18 Del. C. § 1102A

67 Del. Laws, c. 223, §22.;