§ 902 — Certificate required to transact business or open place of business

Delaware § 902

• Jurisdiction: Delaware
• Title: 5
• Part: Banks and Trust Companies
• Ch. 9: REGULATIONS GOVERNING BUSINESS OF BANKS AND TRUST COMPANIES
• Subch.: General Provisions

Text

No bank or trust company not actively engaged in business in this State prior to January 1, 1933, shall transact any business in this State or open a place of business in this State without having first secured from the State Bank Commissioner a certificate authorizing it to begin the transaction of business and to open a place of business in this State.

Legislative History

32 Del. Laws, c. 103, §§ 3, 22 ; 38 Del. Laws, c. 93, § 1(8) ; Code 1935, §§ 2291, 2310; 5 Del. C. 1953, § 902