Delaware Code Title 5 Sec. 781 – Definitions
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As used in this subchapter:
(1) “Bank” means a state or a national bank.
(2) “Continuing bank” means a merging bank, the charter of which becomes the charter of the resulting bank.
(3) “Converting bank” means a bank converted from a state to a national bank, or the reverse.
(4) “Merger” includes consolidation.
(5) “Merging bank” means a party to a merger.
(6) “National bank” means a national bank association located in this State.
(7) “Resulting bank” means the bank resulting from a merger or conversion.
(8) “State bank” means a bank or trust company chartered under the laws of this State.
5 Del. C. 1953, § ?781; 49 Del. Laws, c. 126.;
Terms Used In Delaware Code Title 5 Sec. 781
- Bank: means a state or a national bank. See Delaware Code Title 5 Sec. 781
- Merger: includes consolidation. See Delaware Code Title 5 Sec. 781
- National bank: means a national bank association located in this State. See Delaware Code Title 5 Sec. 781
- 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
- Resulting bank: means the bank resulting from a merger or conversion. See Delaware Code Title 5 Sec. 781
- 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