Delaware Statutes
§ 790 — Nonconforming assets or business
Delaware·Title 5·Part Banks and Trust Companies·Ch. 7 CORPORATION LAW FOR STATE BANKS AND TRUST COMPANIES·Subch. Merger, Consolidation or Conversion of National, State Bank or Trust Company
If a merging or converting bank has assets which do not conform to the requirements of state laws for the resulting state bank or carries on business activities which are not permitted for the resulting state bank, the State Bank Commissioner may permit a reasonable time to conform with state law.
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Legislative History
5 Del. C. 1953, § 790; 49 Del. Laws, c. 126 ; 57 Del. Laws, c. 740, § 19F