Where a resulting state bank is not to exercise trust powers, the State Bank Commissioner shall not approve a merger or conversion until satisfied that adequate provision has been made for successors to fiduciary positions held by the merging banks or the converting bank.
Structure Delaware Code
Chapter 7. CORPORATION LAW FOR STATE BANKS AND TRUST COMPANIES
Subchapter VI. Merger, Consolidation or Conversion of National, State Bank or Trust Company
§ 782. Merger with or conversion into national bank.
§ 783. Merger with or conversion into state bank.
§ 784. Premerger procedure for resulting state bank.
§ 785. Merger procedure for resulting state bank.
§ 786. Conversion of national banks and federal savings associations into state banks.
§ 788. Dissenting stockholders.
§ 789. Abandonment of trust powers and provision for successor fiduciaries.
§ 790. Nonconforming assets or business.
§ 793. Conversion of credit card institution on or after September 29, 1997.