Title 5 — Banking
30 chapters · 197 sections in this title.
5 Del. C. § 2001. Merger, consolidation and conversion authorized.
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§ 2001. Merger, consolidation and conversion authorized. Any 2 or more building and loan associations incorporated under the general corporation laws of this State may, in the manner hereinafter provided, be merged into one such association, hereinafter designated as the survivin…
5 Del. C. § 2002. Approval of joint plan of merger or consolidation, or plan of conversion.
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§ 2002. Approval of joint plan of merger or consolidation, or plan of conversion. The board of directors of each of the associations or federal savings and loan associations which desire to merge, consolidate or convert shall, by resolution adopted by at least a majority of all t…
5 Del. C. § 2003. Articles of merger, consolidation or conversion.
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§ 2003. Articles of merger, consolidation or conversion. Upon the approval, pursuant to this chapter, of the plan of merger, consolidation or conversion by the shareholders of the associations or federal savings and loan associations desiring to merge, consolidate or convert, or …
5 Del. C. § 2004. Advertisement.
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§ 2004. Advertisement. The association or federal savings and loan association shall advertise its intention to file articles of merger, consolidation or conversion, as the case may be, with the Secretary of State. Advertisements shall appear in a newspaper of the county where th…
5 Del. C. § 2005. Filing of articles of merger, consolidation or conversion; payment of fees; approval by Secretary of State.
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§ 2005. Filing of articles of merger, consolidation or conversion; payment of fees; approval by Secretary of State. The articles of merger, consolidation or conversion, as the case may be, the proof of publication of the advertisement required by this chapter, and a certificate o…
5 Del. C. § 2006. Approval of articles of merger, consolidation or conversion by State Bank Commissioner.
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§ 2006. Approval of articles of merger, consolidation or conversion by State Bank Commissioner. The State Bank Commissioner shall, immediately upon the receipt from the Secretary of State of the articles of merger, consolidation or conversion, conduct such examination as the Comm…
5 Del. C. § 2007. Issuance of certificate of merger, consolidation or conversion.
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§ 2007. Issuance of certificate of merger, consolidation or conversion. Immediately upon receipt of the approved articles of merger, consolidation or conversion from the State Bank Commissioner, and upon receipt by the Secretary of State of the written approval of the Federal Hom…
5 Del. C. § 2008. Effect of merger, consolidation or conversion.
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§ 2008. Effect of merger, consolidation or conversion. (a) Upon the merger or consolidation becoming effective, the several associations, or federal savings and loan associations, parties to the plan of merger or consolidation, shall be a single association or federal savings and…
5 Del. C. § 2009. Rights of dissenting shareholders.
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§ 2009. Rights of dissenting shareholders. If any shareholder of an association or federal savings and loan association which becomes a party to a plan of merger, consolidation or conversion shall file with such association or federal savings and loan association, prior to or at …
5 Del. C. § 2010. Effective date of merger, consolidation or conversion.
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§ 2010. Effective date of merger, consolidation or conversion. Upon the issuance of the certificate of merger, consolidation or conversion by the Secretary of State, the merger, consolidation or conversion shall be effective. The certificate of merger, consolidation or conversion…
5 Del. C. § 2011. Branch offices.
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§ 2011. Branch offices. (a) Any building and loan association incorporated under the laws of this State may open and maintain a branch office or place of business, or branch offices or places of business in this State, upon application submitted to and approved by the State Bank …
5 Del. C. § 2012. Fees for merger, consolidation or conversion.
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§ 2012. Fees for merger, consolidation or conversion. The resulting association shall pay to the office of State Bank Commissioner a fee of $1,150 upon approval of a merger, consolidation or conversion. In addition, the resulting association shall pay an investigation fee of $575…