Del. Code tit. 5 § 791

Current through 2024 Legislative Session Act Chapter 269

Section 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. § 791

5 Del. C. 1953, § 791; 49 Del. Laws, c. 126.;