Title 5 — Banking
30 chapters · 197 sections in this title.
5 Del. C. § 1301. Definitions.
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§ 1301. Definitions. As used in this chapter, unless the context requires otherwise: (1) “Officers” means those persons designated by the banking organization’s board of directors or trustees to act for the banking organization. (2) “Emergency” means any condition which interfere…
5 Del. C. § 1302. Closing on legal holidays.
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§ 1302. Closing on legal holidays. Any banking organization may, at its option, either close or remain open on Saturdays, Sundays and the legal holidays designated in § 501 of Title 1 and holidays observed by the Federal Reserve Bank for the district which includes Delaware. As t…
5 Del. C. § 1303. Proclamation of emergency.
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§ 1303. Proclamation of emergency. Whenever the Governor declares a disaster or emergency under Chapter 31 of Title 20, banking organizations may close 1 or more or all of their offices when in the opinion of their officers such offices are directly or indirectly affected by such…
5 Del. C. § 1304. Powers of officers.
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§ 1304. Powers of officers. Whenever the officers of a banking organization are of the opinion that an emergency exists which affects 1 or more of the organization’s offices, they shall have the authority to close 1 or more or all such offices even though the Governor has not iss…
5 Del. C. § 1305. Prompt notice required.
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§ 1305. Prompt notice required. A banking organization closing an office or offices pursuant to this chapter shall give as prompt notice to the State Bank Commissioner of its action as conditions will permit.65 Del. Laws, c. 298, § 1;
5 Del. C. § 1306. Immunity from liability.
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§ 1306. Immunity from liability. No banking organization and no director, officer or employee of a bank shall be liable to any person for any direct or indirect loss suffered by such person by reason of the organization’s failure or inability to make the organization’s premises a…
5 Del. C. § 1307. Construction of chapter.
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§ 1307. Construction of chapter. This chapter shall be construed and applied as being in addition to and not in substitution for any other law of this State or of the United States excusing delays by banking organizations in the performance of duties or obligations, or authorizin…
5 Del. C. § 1308. Limited operations authorized.
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§ 1308. Limited operations authorized. A bank office closed as authorized by this chapter may nonetheless conduct limited operations and perform banking transactions.65 Del. Laws, c. 298, § 1;