Delaware Code Title 5 Sec. 783 – Merger with or conversion into state bank
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Upon written approval by the State Bank Commissioner banks may be merged to result in a state bank, or a national bank may convert into a state bank as hereafter prescribed, except that the action by a national bank shall be taken in the manner prescribed by and shall be subject to limitations and requirements imposed by the laws of the United States which shall also govern the rights of its dissenting stockholders.
5 Del. C. 1953, § ?783; 49 Del. Laws, c. 126; 57 Del. Laws, c. 740, § ?19C;
Terms Used In Delaware Code Title 5 Sec. 783
- Bank: means a state or a national bank. See Delaware Code Title 5 Sec. 781
- 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
- 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
- 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
- State bank: means a bank or trust company chartered under the laws of this State. See Delaware Code Title 5 Sec. 781
- United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302