Any building and loan association wilfully violating or failing to observe and comply with this chapter shall be subject to a penalty of not less than $100 for each violation thereof, and for each failure to observe and comply with this chapter. Any building and loan association which neglects or refuses to pay and discharge the amount of the penalty shall have its authority to transact business in this State revoked by the State Bank Commissioner. Such revocation shall continue, and the building and loan association shall not again be authorized or permitted to transact business in this State until the association has paid the amount of the penalty.
Structure Delaware Code
Subchapter I. General Provisions
§ 1702. Application of chapter; exception.
§ 1703. Supervision and examination of association by Commissioner.
§ 1704. Exemption from examination by Commissioner.
§ 1705. Annual report to Commissioner.
§ 1706. Publication of statement of assets and liabilities.