Delaware § 1432 Authority for merger

Delaware Statutes

§ 1432 — Authority for merger

Delaware·Title 5·Part Banks and Trust Companies·Ch. 14 FOREIGN BANKS·Subch. Merger of Delaware Banks and Foreign Banks; Resulting Branch Offices of Foreign Banks

An existing Delaware bank may merge with or into an out-of-state foreign bank, and an out-of-state foreign bank may merge with or into a Delaware bank, in substantially the same manner and under substantially the same terms and conditions as an existing Delaware bank may merge with or into an out-of-state bank, or an out-of-state bank may merge with or into a Delaware bank, pursuant to subchapter VII of Chapter 7 of this title.

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An existing Delaware bank may merge with or into an out-of-state foreign bank, and an out-of-state foreign bank may merge with or into a Delaware bank, in substantially the same manner and under substantially the same terms and conditions as an existing Delaware bank may merge with or into an out-of-state bank, or an out-of-state bank may merge with or into a Delaware bank, pursuant to subchapter VII of Chapter 7 of this title.

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