Except as specifically provided by Chapter 15 or Chapter 16 of this title, banks and trust companies shall be established or created in this State under and in accordance with this chapter. This chapter shall not, however, apply to national banks, except as otherwise provided in subchapters VI and VII of this chapter. The terms “bank” or “banks,” when used in this chapter, do not include such national banks, except as otherwise provided in subchapters VI and VII of this chapter. Furthermore, the provisions of this chapter specifically relating to capital stock or stockholders of a bank organized under this chapter shall not apply to a corporation without capital stock doing a savings bank business.

38 Del. Laws, c. 94, §§ ?1, 2; Code 1935, §§ ?2370, 2371; 5 Del. C. 1953, § ?701; 64 Del. Laws, c. 42, § ?2; 70 Del. Laws, c. 327, § ?3; 70 Del. Laws, c. 336, § ?1; 71 Del. Laws, c. 19, § ?19; 71 Del. Laws, c. 25, § ?7;

Terms Used In Delaware Code Title 5 Sec. 701

  • banks: when used in this chapter, do not include such national banks, except as otherwise provided in subchapters VI and VII of this chapter. See Delaware Code Title 5 Sec. 701
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302