Delaware § 1301 Definitions

Delaware Statutes

§ 1301 — Definitions

Delaware·Title 5·Part Banks and Trust Companies·Ch. 13 Banking Organization’s Power to Close Offices on Holidays and During Emergencies

As used in this chapter, unless the context requires otherwise:

(1)“Officers” means those persons designated by the banking organization’s board of directors or trustees to act for the banking organization.

(2)“Emergency” means any condition which interferes with the conduct of normal business operations at 1 or more of a banking organization’s offices, or which poses an imminent or existing threat to the safety and security of persons or property, or both. Without limiting the generality of the foregoing, an emergency may arise as a result of any 1 or more of the following: Fire, flood, wind, ice, rain or snow, labor dispute, power failure, transportation failure, war, nuclear incident, riot, civil commotion or other acts of lawlessness or violence.

(3)“Office” means any place at wh

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As used in this chapter, unless the context requires otherwise:

(1) “Officers” means those persons designated by the banking organization’s board of directors or trustees to act for the banking organization.

(2) “Emergency” means any condition which interferes with the conduct of normal business operations at 1 or more of a banking organization’s offices, or which poses an imminent or existing threat to the safety and security of persons or property, or both. Without limiting the generality of the foregoing, an emergency may arise as a result of any 1 or more of the following: Fire, flood, wind, ice, rain or snow, labor dispute, power failure, transportation failure, war, nuclear incident, riot, civil commotion or other acts of lawlessness or violence.

(3) “Office” means any place at which a banking organization transacts business or conducts operations related to the transaction of business, and shall specifically include, without limiting the generality of the foregoing, automatic teller machines.

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