GroundRules
5 Del. C. § 791: Book value of assets.
Where this section sits in the code
- Title 5. Banking
- Banks and Trust Companies
- CHAPTER 7. Corporation Law for State Banks and Trust Companies
- Subchapter VI. Merger, Consolidation or Conversion of National, State Bank or Trust Company
Without approval by the State Bank Commissioner no asset shall be carried on the books of the resulting bank at a valuation higher than that on the books of a merging or converting bank at the time of its last examination by a state or national bank examiner before the effective date of the merger or conversion.
Collected 2026-09-05T23:02:04Z. Source file · JSON