Public-domain · open source
OpenJurist

Del. Code tit. 5, § 789

Abandonment of trust powers and provision for successor fiduciaries

5 Del

Where a resulting state bank is not to exercise trust powers, the State Bank Commissioner shall not approve a merger or conversion until satisfied that adequate provision has been made for successors to fiduciary positions held by the merging banks or the converting bank.

Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.