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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

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

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Where this section sits in the code
  1. Title 5. Banking
  2. Banks and Trust Companies
  3. CHAPTER 7. Corporation Law for State Banks and Trust Companies
  4. Subchapter IX. Family Trust Companies [For application of this subchapter, see 85 Del. Laws, c. 346, § 9]

If any family trust company is found by the Commissioner to have violated any condition or restriction of this subchapter or to have exercised powers beyond those conferred by this subchapter, or to have transacted trust company business with any person not a family member, the Commissioner shall issue an order pursuant to § 136 of this title to cease and desist such violation by a date certain. Upon a finding that the family trust company has not complied with such order, the Commissioner shall take such steps set forth in § 131 of this title as regards violations of this Code as the Commissioner deems appropriate.

Collected 2026-09-05T23:02:04Z. Source file · JSON

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