In connection with any proceeding under this chapter involving a financial institution under the concurrent supervision of a federal agency and the Commissioner, the Commissioner shall provide the appropriate federal agency with notice of any such proceedings and the grounds therefor. Such proceeding may then be continued jointly or by either the federal agency or the Commissioner. Failure of the Commissioner to give such notice shall not constitute a ground for attacking the validity of the order.
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.