Del. Code tit. 5 § 789

Current through 2024 Legislative Session Act Chapter 269

Section 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. § 789

5 Del. C. 1953, § 789; 49 Del. Laws, c. 126; 57 Del. Laws, c. 740, § 19H.;