CHAPTER 120

RELATING TO BANKS AND TRUST COMPANIES

AN ACT TO AMEND CHAPTER 7, TITLE 5, DELAWARE CODE OF 1953, RELATING TO BANKS AND TRUST COMPANIES BY REDUCING THE MINIMUM PAR VALUE OF CAPITAL STOCK OF A BANK ORGANIZED UNDER TITLE 5, CHAPTER 7, FROM TWENTY-FIVE DOLLARS ($25.00) TO TEN DOLLARS ($10.00).

Be it enacted by the General Assembly of the State of Delaware:

Section 1. § 746, Title 5, Delaware Code of 1953, is amended by substituting the words and figures "Ten Dollars ($10.00)" for the figures "$25" in the first sentence of said section.

Approved June 11, 1953.