Delaware Code Title 5 Sec. 908 – Value at which assets shall be carried on books
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No bank or trust company shall carry on its books any of its assets at a sum in excess of the cost value thereof except by and with the written consent of the State Bank Commissioner.
32 Del. Laws, c. 103, § ?11; Code 1935, § ?2299; 5 Del. C. 1953, § ?908;
Terms Used In Delaware Code Title 5 Sec. 908
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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