Whenever the Commissioner shall be satisfied from the Commissioner's examination of any bank or trust company (other than savings banks and savings societies) that the bank or trust company has an insufficient proportion of its assets in cash and securities readily convertible into cash, the Commissioner shall so notify the board of directors of the bank or trust company, and thereupon the board of directors shall carry out the requirements of the Commissioner in that behalf, and upon their failure to do so within such time as the Commissioner considers reasonable, the Commissioner shall report the matter to the stockholders of the bank or trust company either at a regular or special meeting. The Commissioner may call a special meeting of the stockholders for this purpose should the Commissioner deem it advisable.
Nothing in this section shall be deemed to limit or curtail the powers and duties of the Commissioner as provided in §§ 131-135 of this title.
Structure Delaware Code
Chapter 1. STATE BANK COMMISSIONER
Subchapter II. Powers and Duties
§ 122. Examination of financial institutions.
§ 123. False statements, entries or reports; penalty.
§ 124. Commissioner's report of examination; cooperation with other regulatory agencies.
§ 125. Disclosure of information; penalty.
§ 126. Exemptions from examination.
§ 127. Fees for examination; supervisory assessment.
§ 128. Federal Reserve System reserve requirements.
§ 130. Impaired capital; procedure upon failure to make good.
§ 131. Unsound condition of bank or trust company; receivership.
§ 132. Possession and operation of bank or trust company by Commissioner without receivership.
§ 133. Employment of assistants.
§ 134. Commissioner's costs and expenses as receiver; priority.
§ 135. Moratorium on deposit withdrawals and segregation of new deposits.
§ 136. Cease and desist orders.
§ 137. Removal of officer or director.
§ 140. Notice to federal authorities.
§ 141. Retention of financial institution records.
§ 144. Restrictions on use of words “savings” or “trust” in corporate name.