{"data":{"id":"us-de/5-del.-c.-821","jurisdiction":"us-de","citation":"5 Del. C. § 821","heading":"Definitions.","body":"As used in this subchapter:\n(1) “State assisted bank” means a bank which the State has, in order to relieve financial distress determined to exist by the State Bank Commissioner, assisted by means of a grant, loan, asset purchase or deposit made pursuant to a plan or agreement if:\na. The State owns an equity interest in the bank which the State obtained pursuant to the plan or agreement; and\nb. Such equity interest together with any equity interest previously obtained and still held by the State aggregates not less than 25% of the voting rights of all holders of stock or other voting rights.\n(2) “Bank” means a bank or trust company existing under the laws of the State, or a national banking association existing under the National Bank Act, as amended (12 U.S.C. § 21 et seq.), whose main office is in this State.\n(3) “Out-of-state bank holding company” means an out-of-state bank holding company as defined in § 801(2) of this title.\n(4) “Subsidiary” means a subsidiary as defined in § 801(6) of this title.","path":["Title 5. Banking","Banks and Trust Companies","CHAPTER 8. Acquisition of Interests in Banking Institutions; Bank Holding Companies","Subchapter II. Acquisition of Stock and Assets of, and Interests in, Banks to Which the State Has Provided Financial Assistance and Obtained an Ownership Interest"],"source_url":"https://delcode.delaware.gov/title5/c008/sc02/index.html#821","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:04Z","sha256":"f1bc9187fe183d33ae965ae4069242a6a45cfb30019e0776a00c19f6b82a75f1","source_id":"us-de","stale":true,"prev":"us-de/5-del.-c.-807","next":"us-de/5-del.-c.-822"},"notice":"GroundRules: Original legal text. Not legal advice."}