Del. Code tit. 5 § 908A

Current through 2024 Legislative Session Act Chapter 269

Section 908A - Bank distinct from bank insurance department or division

The assets of any bank or trust company shall be liable for and applicable to the payment and satisfaction of the liabilities, obligations and expenses of such bank or trust company only, and not to those liabilities, obligations and expenses of any insurance department or division of such bank or trust company established pursuant to § 767(a) or § 1662(b)(1) of this title. The liabilities, obligations and expenses of any such bank or trust company shall be applied against and paid and satisfied out of the assets of such bank or trust company only, and not out of the assets of any insurance department or division of such bank or trust company established pursuant to § 767(a) or § 1662(b)(1) of this title.

5 Del. C. § 908A

67 Del. Laws, c. 223, §8; 71 Del. Laws, c. 25, § 33.;