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Banks and Trust Companies > CORPORATION LAW FOR STATE BANKS AND TRUST COMPANIES
Short Summary
The provided legal document content covers various aspects of the authorized agency activities of banks in Delaware, the merger or consolidation of Delaware banks with out-of-state banks, the merger, consolidation, or conversion of national and state banks or trust companies, the organization and powers of Limited Purpose Trust Companies in Delaware, the general powers of corporations organized under the Delaware Corporation Law for State Banks and Trust Companies, the formation of a bank or trust company in Delaware, internal corporate affairs, management of corporations, stockholders’ meetings, capital stock requirements, payment of corporate debts, declaration of dividends, amendment of charters, certificates of incorporation, certificates of formation, or articles of association, acquisition or sale of assets, assumption of liabilities, consolidation, and merger of banks and trust companies, and the establishment of banks and trust companies, savings banks, and national banks in the state. These documents apply to banks, trust companies, national banks, limited purpose trust companies, corporations, incorporators, stockholders, and the State Bank Commissioner. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Banks, trust companies, national banks, limited purpose trust companies, corporations, incorporators, stockholders, State Bank Commissioner
What does it govern?
Authorized agency activities of banks in Delaware, merger or consolidation of Delaware banks with out-of-state banks, merger, consolidation, or conversion of national and state banks or trust companies, organization and powers of Limited Purpose Trust Companies in Delaware, general powers of corporations organized under the Delaware Corporation Law for State Banks and Trust Companies, formation of a bank or trust company in Delaware, internal corporate affairs, management of corporations, stockholders' meetings, capital stock requirements, payment of corporate debts, declaration of dividends, amendment of charters, certificates of incorporation, certificates of formation, or articles of association, acquisition or sale of assets, assumption of liabilities, consolidation, and merger of banks and trust companies, establishment of banks and trust companies, savings banks, and national banks in the state
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Delaware