Title 5, Banking

§ 1705. Annual report to Commissioner. (a) Every building and loan association existing under this Code or any other law of this State or any other state, and doing business within the boundaries of this State, shall annually, at the end of its fiscal year, furnish to the State B…

§ 1706. Publication of statement of assets and liabilities. The State Bank Commissioner may require annually at the end of its fiscal year, the publication of a report by a building and loan association in 1 issue of a newspaper located within the county in which it has its offic…

§ 1707. Foreign associations; annual designation of resident agent; wholly-owned subsidiary required; waiver of requirement [Repealed]. Repealed by 68 Del. Laws, c. 105, § 5, eff. July 3, 1991.

§ 1708. Exemption from operation of attachment laws. No building and loan association authorized to do business under this Code or any other law of this State shall be subject to the operations of the attachment laws of this State, as provided in the case of individuals.32 Del. L…

§ 1709. Unsound condition of association or unauthorized conduct of business; receivership and other remedial proceedings. (a) Proceedings may be instituted against any building and loan association doing business within the boundaries of this State, whenever it appears to the St…

§ 1710. Violations and penalties. 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. …

§ 1711. Penalty; soliciting subscriptions to shares for a commission [Repealed]. Repealed by 68 Del. Laws, c. 105, § 7, eff. July 3, 1991.

§ 1721. Requirement of license. No person shall engage in the business of a building and loan association, or a business similar to that of a building and loan association, within the limits of the State until a license has been obtained or the registration requirements fulfilled…

§ 1722. Annual license fees. Every building and loan association created under this Code or any other law of this State, and doing business in this State, shall pay to the State Bank Commissioner, for the use of the State, at the time of filing its annual report, an annual licens…

§ 1723. Application for license generally; grounds for refusal; fee upon approval of application; investigation fee; moratorium upon issuance. (a) Every person, desiring to obtain a license under this chapter, shall file with the Commissioner an application in writing in such for…

§ 1724. Issuance of license; term. If it appears from the annual statement filed with the State Bank Commissioner, that a building and loan association is in a safe or solvent condition, is transacting business in compliance with the law, and payment of the annual renewal license…

§ 1725. Revocation or withholding of license. If any building and loan association violates this chapter, or any law of the State, the State Bank Commissioner may revoke or withhold its license to do business.32 Del. Laws, c. 107, § 17; Code 1935, § 2352; 5 Del. C. 1953, § 1725;

§ 1726. Penalty for doing business without license. Whoever, being an agent or officer of any building and loan association which has not obtained authority to do business in this State under this chapter, or the authority of which has been revoked by the State Bank Commissioner,…

§ 1727. Insurance required. A building and loan association whose total assets exceed $15,000,000 or registered office of an association created under the laws of any other state may not engage in business within this State unless its shares, savings accounts, savings certificate…