{"data":{"id":"us-de/5-del.-c.-1422","jurisdiction":"us-de","citation":"5 Del. C. § 1422","heading":"Application for license; fee; findings required for issuance.","body":"(a) The application for a license shall contain information and be accompanied by a reasonable fee as determined by the Commissioner.\n(b) The Commissioner shall issue a license to a foreign bank to establish and maintain a representative office if the Commissioner finds:\n(1) The foreign bank and the proposed management of the representative office are each of good character and sound financial standing;\n(2) The management of the foreign bank and the proposed management of the representative office are adequate; and\n(3) The convenience and needs of persons to be served by the proposed representative office will be promoted.","path":["Title 5. Banking","Banks and Trust Companies","CHAPTER 14. Foreign Banks","Subchapter II. Foreign Bank Representative Office"],"source_url":"https://delcode.delaware.gov/title5/c014/sc02/index.html#1422","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:05Z","sha256":"74d0b0bddc53f32c85dea863396ec0a11b7f252bbc4b3063446282e1ceab5c44","source_id":"us-de","stale":true,"prev":"us-de/5-del.-c.-1421","next":"us-de/5-del.-c.-1423"},"notice":"GroundRules: Original legal text. Not legal advice."}