5 Del. C. § 797C: Powers; restrictions [For application of this section, see 85 Del. Laws, c. 346, § 9].

(a) With respect to a family trust company, the powers conferred by subchapter IV of this chapter or otherwise by law shall be limited solely to trust company powers and such powers as are necessary or incidental to the performance of trust company powers within the restrictions of the definition of a “family trust company.”

(b) Without the Commissioner’s approval, a family trust company may not do any of the following:

(1) Amend its articles of association, charter, certificate of incorporation, certificate of formation, or bylaws by addition to its corporate purpose of powers.

(2) Merge or consolidate, except with the following:

a. Another family trust company established under this subchapter.

b. An entity that is a family member, so long as the family trust company is the surviving entity of such merger or consolidation.

c. An entity that will become as a result of the merger or consolidation, a family trust company.

(c) A family trust company may not do any of the following:

(1) Have more than a single office within this State, which shall be its principal place of business.

(2) Advertise its services to the general public.

(3) Exercise any power of appointment in a manner inconsistent with § 3548 of Title 12.