Delaware Code Title 5 Sec. 904 – Reports to Commissioner
(a) Every bank and trust company shall make and transmit to the State Bank Commissioner at least 4 reports during each year, according to the form which may be prescribed by the Commissioner, verified by the oaths or affirmations of the president or vice-president, and cashier, or treasurer or secretary of the corporation, and attested by the signatures of at least 2 directors. Each report shall exhibit under appropriate heads the resources and liabilities of the corporation at the close of business on any day past specified by the Commissioner, and shall be transmitted to the Commissioner within 30 days after the receipt of a request or requisition therefor.
Terms Used In Delaware Code Title 5 Sec. 904
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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
- Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302
(b) The Commissioner shall have power to call for special reports whenever in the Commissioner’s judgment the same are necessary. The Commissioner may require a separate report as to each department or subsidiary of any bank or trust company.
(c) The making of reports to the Commissioner under this section shall be in lieu of the making of reports to any other state official except for the purpose of assessment or taxation.
32 Del. Laws, c. 103, § ?7; Code 1935, § ?2295; 5 Del. C. 1953, § ?904; 61 Del. Laws, c. 82, § ?1; 66 Del. Laws, c. 27, § ?8; 70 Del. Laws, c. 112, § ?45; 70 Del. Laws, c. 186, § ?1; 71 Del. Laws, c. 19, §§ ?39, 40;