§ 2724 — Change of place of business or area; change of name

(a) A licensee may make a written application to the State Bank Commissioner for leave to change the licensee’s place of business, or in the case of a mobile unit, the area in which the unit is authorized to be operated, stating the reasons for the proposed change. If the Commissioner approves the application the Commissioner shall issue a new license in accordance with § 2716 of this title, for the new location of the licensee or, in the case of a mobile unit, the new area in which the mobile unit may be operated.

(b) In case there is a change in name but no change in corporate structure of a licensee, the Commissioner shall issue without charge an amended license for the new name.

Legislative History

Code 1935, § 2408E; 46 Del. Laws, c. 287, § 1 ; 5 Del. C. 1953, § 2724; 72 Del. Laws, c. 15, § 39 ; 70 Del. Laws, c. 186, § 1 ; 80 Del. Laws, c. 225, § 9