Without approval by the State Bank Commissioner no asset shall be carried on the books of the resulting bank at a valuation higher than that on the books of a merging or converting bank at the time of its last examination by a state or national bank examiner before the effective date of the merger or conversion.
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.