This provision, found in the Delaware Code under the State Banking Agencies section, grants the State Bank Commissioner the authority to authorize banks and trust companies under their jurisdiction to implement certain measures. These measures include extending the payment period for time accounts with withdrawal notices, postponing the payment of a portion of demand account deposits, and receiving new deposits that are segregated from existing deposits. The new deposits must be invested in liquid assets approved by the Commissioner to ensure sufficient funds are available for withdrawal requests.

Any bank or resulting bank (as defined in 795 of this title) may install or operate 1 or more automated service branches in this State without approval of, or notice to, the Commissioner. 68 Del. Laws, c. 303, 13; 69 Del. Laws, c. 165, 16; 71 Del. Laws, c. 19, 24-26; 74 Del. Laws, c. 210, 1-3;

This legal document governs the reserve requirements for banks, trust companies, and savings banks. It defines demand deposits as deposits payable within 30 days and time deposits as deposits payable after 30 days. Every bank, trust company, or savings bank is required to maintain reserves based on the average aggregate of its demand deposits and time deposits. Reserves can be maintained in cash or net balances payable on demand with approved banking institutions.

This section of the Delaware Code governs the business of banks and trust companies. Specifically, it pertains to the preference of funds held on deposit by banks and trust companies when acting as executor, administrator, guardian, trustee, or in any other fiduciary capacity for an estate. According to this section, the liability of the bank or trust company to the estate entitled to the funds is considered a preferred claim superior to all unsecured claims of other creditors, including depositors of the institution.

This legal document, found in the Delaware Code under the Banking section, specifically addresses the acceptance of deposits by minors. It states that banks, savings banks, savings institutions, and trust companies in Delaware are allowed to receive money on deposit from or in the name of any minor. The deposited money is held for the benefit of the minor depositor, who has the same rights as an adult depositor. The minor can make drafts or withdrawals from their deposits, and the deposits, along with any dividends and interest, can be paid to the person in whose name the deposit was made or upon their written order.

Banks, trust companies, savings banks, and savings societies may pay out deposits of decedents, without requiring letters of administration to be issued upon the estates of such decedents, when and as provided by 2306 and 2307 of Title 12. Code 1915, 2115; Code 1935, 2269; 5 Del. C. 1953, 922;

When a deposit in any bank, trust company, savings bank or other banking institution in this State, is made in the name of 2 or more persons, deliverable or payable to either, or to their survivor or survivors, the deposit, or any part thereof, or the increase thereof, may be delivered or paid to either of the persons, or to the survivor or survivors, in due course of business. 28 Del.

This legal document, governed by the Delaware Code, specifically the section on Regulations Governing Business of Banks and Trust Companies, provides definitions and regulations for bank deposit accounts in trust form. The document defines terms such as ‘beneficiary’ and ‘depositor’ and specifies the conditions for establishing and maintaining trust accounts. It states that there should be no more than one beneficiary per trust account, unless otherwise provided by the respective banking organization’s agreements, rules, or regulations.

Whenever a receiver has been appointed by the Court of Chancery for a bank or trust company in this State and the Federal Deposit Insurance Corporation pays or makes available for payment to the receiver the insured deposit liabilities of the closed institution, the Federal Deposit Insurance Corporation shall be subrogated to all the rights against the closed institution of the owners of the insured deposits in the same manner and to the same extent as if the owners had lawfully assigned to the Federal Deposit Insurance Corporation so much or such of their deposits as the Federal Deposit Insurance Corporation has paid or is ready to pay to the receiver.

(a) Financial institutions that delay availability shall review their policies and consider reducing the delay periods to the extent possible, consistent with prudent business practices. (b) Financial institutions shall disclose to depositors in an effective manner as to their delayed availability policies. (c) Financial institutions shall refrain from imposing unnecessary delays on all checks, particularly on social security and other government checks, deposited into established accounts beyond the time required to receive credit for the checks.