Delaware Code Title 5 Sec. 1544 – Merger with or conversion into national bank
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No corporation established under this chapter may merge with or convert into a national bank, except as otherwise provided pursuant to § 793 of this title.
Terms Used In Delaware Code Title 5 Sec. 1544
- 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.
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC