CHAPTER 15

BANKS, SAVINGS SOCIETIES AND TRUST COMPANIES

RESPECTING THE DEPOSIT OF SECURITIES

AN ACT TO AMEND CHAPTER 66 OF THE REVISED CODE OF DELAWARE, 1935, AS AMENDED, ENTITLED "BANKS, SAVINGS SOCIETIES AND TRUST COMPANIES" WITH RESPECT TO THE SAFEKEEPING OF THE SECURITIES DEPOSITED WITH THE STATE BANK COMMISSIONER.

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:

Section 1. That Chapter 66 of the Revised Code of Delaware, 1935, as amended, be and the same is hereby further amended by adding at the end of 2362. Sec. 105. thereof a new paragraph as follows:

Whenever securities are deposited with the State Bank Commissioner under any provisions of the Banking Laws of the State, such securities shall be deposited in a safe deposit box in a Delaware bank, and shall be deposited therein or withdrawn therefrom only by the State Bank Commissioner of the State, or his Deputy duly appointed, accompanied by the State Auditor, or his Deputy duly appointed.

Approved March 16, 1949.