Delaware Code Title 5 Sec. 913 – Authority of national bank to act as fiduciary
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Any national bank located in this State, when authorized by the laws of the United States, may act by any and every method of appointment, and in any capacity whatever, as trustee, executor, administrator, or register of stocks and bonds.
29 Del. Laws, c. 118, § ?1; Code 1935, § ?2368; 5 Del. C. 1953, § ?913;
Terms Used In Delaware Code Title 5 Sec. 913
- Executor: A male person named in a will to carry out the decedent
- 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
- Trustee: A person or institution holding and administering property in trust.
- United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302