Del. Code tit. 5 § 778

Current through 2024 Legislative Session Act Chapter 531
Section 778 - Violations

If any limited purpose trust company is found by the Commissioner to have violated any condition of § 777(c) of this title or to have exercised powers beyond those conferred by § 775 of this title, the Commissioner shall issue an order pursuant to § 136 of this title to cease and desist such violation by a date certain. Upon a finding that the limited purpose trust company has not complied with such order, the Commissioner shall take such steps as set forth in § 131 of this title as regards violations of this Code.

5 Del. C. § 778

63 Del. Laws, c. 261, §3.;