{"data":{"id":"us-de/5-del.-c.-167","jurisdiction":"us-de","citation":"5 Del. C. § 167","heading":"Definitions.","body":"For purposes of this subchapter, the following words and phrases shall have the meanings ascribed to them herein:\n(1) “Control” means the power, directly or indirectly, to direct the management or policies of a Delaware chartered bank or trust company or to vote 25% or more of any class of voting securities of such bank or trust company. For purposes of this subchapter, the acquisition of 10% or more of the voting stock of a Delaware chartered bank or trust company shall be presumed to constitute control if such institution has any class of voting securities registered under § 12 of the Securities Exchange Act of 1934 [15 U.S.C. § 78l] or if immediately after the transaction no other person will own a greater proportion of that class of voting securities.\n(2) “Delaware chartered bank or trust company” includes any Delaware bank holding company or Delaware savings and loan holding company.","path":["Title 5. Banking","State Banking Agencies","CHAPTER 1. State Bank Commissioner","Subchapter III. Change in Bank Control"],"source_url":"https://delcode.delaware.gov/title5/c001/sc03/index.html#167","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:04Z","sha256":"2915bf787550eb7c6bf24dff778dce1a36e6d809513f08746e82e9097bad0390","source_id":"us-de","stale":true,"prev":"us-de/5-del.-c.-166","next":"us-de/5-del.-c.-168"},"notice":"GroundRules: Original legal text. Not legal advice."}