5 Del. C. § 789

Abandonment of trust powers and provision for successor fiduciaries.

Last amended: 1970Year: 2026Length: 44 wordsOfficial source
Where a resulting state bank is not to exercise trust powers, the State Bank Commissioner shall not approve a merger or conversion until satisfied that adequate provision has been made for successors to fiduciary positions held by the merging banks or the converting bank.
5 Del. C. § 789: Abandonment of trust powers and provision for successor fiduciaries. | Justis AI