A corporation established under this chapter may hold real estate suitable for the transaction of its business; but, if the aggregate amount invested and proposed to be invested therein, including the cost of alterations and additions in the nature of permanent fixtures, exceeds, directly or indirectly, 50 percent of its capital, surplus and undivided profit accounts, the excess investment shall be made only with the approval of the State Bank Commissioner. The amount of money invested by the corporation in the securities of any corporation, trust or other organization which holds real estate in whole or in part used for the transaction of the business of the corporation or intended for such use, shall be included in determining the amount of real estate that may be held by the corporation under this section.
Structure Delaware Code
Chapter 7. CORPORATION LAW FOR STATE BANKS AND TRUST COMPANIES
Subchapter IV. Powers and Prohibitions
§ 761. General powers of corporations organized under this chapter.
§ 762. Ownership of real estate used for transaction of business.
§ 763. Membership in Federal Reserve System.
§ 764. Capital notes or debentures.
§ 765. Power of trust company.
§ 766. Power of trust company to act as agent, registrar, trustee, etc.
§ 767. Limitations on powers and activities of banks and trust companies.
§ 768. Loans on security of and purchase of its own capital stock.
§ 769. Ownership of capital stock of another bank or trust company.