Delaware § 1425 Revocation of license

Delaware Statutes

§ 1425 — Revocation of license

Delaware·Title 5·Part Banks and Trust Companies·Ch. 14 FOREIGN BANKS·Subch. Foreign Bank Representative Office

If the Commissioner finds:

(1)The licensee or its representative has violated any provision of this subchapter or any law, rule or regulation of this State; or

(2)Any fact or condition exists which, if it had existed at the time of the original application for such license, would have resulted in the Commissioner refusing to issue such license; then, after notice to the foreign bank and a reasonable opportunity to be heard, the Commissioner may revoke such license.

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If the Commissioner finds:

(1) The licensee or its representative has violated any provision of this subchapter or any law, rule or regulation of this State; or

(2) Any fact or condition exists which, if it had existed at the time of the original application for such license, would have resulted in the Commissioner refusing to issue such license; then, after notice to the foreign bank and a reasonable opportunity to be heard, the Commissioner may revoke such license.

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