Whenever the Governor declares a disaster or emergency under Chapter 31 of Title 20, banking organizations may close 1 or more or all of their offices when in the opinion of their officers such offices are directly or indirectly affected by such disaster or emergency.

65 Del. Laws, c. 298, § ?1;

Terms Used In Delaware Code Title 5 Sec. 1303

  • Emergency: means any condition which interferes with the conduct of normal business operations at 1 or more of a banking organization's offices, or which poses an imminent or existing threat to the safety and security of persons or property, or both. See Delaware Code Title 5 Sec. 1301
  • Officers: means those persons designated by the banking organization's board of directors or trustees to act for the banking organization. See Delaware Code Title 5 Sec. 1301
  Previous section
Next section  
 Chapter 13 Contents