{"data":{"id":"us-de/5-del.-c.-774","jurisdiction":"us-de","citation":"5 Del. C. § 774","heading":"Establishment.","body":"A corporation established under this subchapter shall be known as a limited purpose trust company. The Commissioner shall issue no certificate of public convenience and advantage or certificate of authority to establish a family trust company with respect to any corporation proposed to be established under this chapter solely for the purpose of exercising trust company powers, excepting a corporation organized under this subchapter or subchapter IX of this chapter.","path":["Title 5. Banking","Banks and Trust Companies","CHAPTER 7. Corporation Law for State Banks and Trust Companies","Subchapter V. Limited Purpose Trust Companies"],"source_url":"https://delcode.delaware.gov/title5/c007/sc05/index.html#774","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:04Z","sha256":"82fc6ec5a7c9f03d643a983faa48e5568858eba8947ec76b15f4a2c813b50056","source_id":"us-de","stale":true,"prev":"us-de/5-del.-c.-773","next":"us-de/5-del.-c.-775"},"notice":"GroundRules: Original legal text. Not legal advice."}