§ 781 — Definitions

As used in this subchapter:

(1) “Bank” means a state or a national bank.

(2) “Continuing bank” means a merging bank, the charter of which becomes the charter of the resulting bank.

(3) “Converting bank” means a bank converted from a state to a national bank, or the reverse.

(4) “Merger” includes consolidation.

(5) “Merging bank” means a party to a merger.

(6) “National bank” means a national bank association located in this State.

(7) “Resulting bank” means the bank resulting from a merger or conversion.

(8) “State bank” means a bank or trust company chartered under the laws of this State.

Legislative History

5 Del. C. 1953, § 781; 49 Del. Laws, c. 126.