CHAPTER 484

APPOINTMENT OF STATE BANK COMMISSIONER

AN ACT TO AMEND CHAPTER 1, TITLE 5 OF THE DELAWARE CODE RELATING TO THE STATE BANK COMMISSIONER AFFECTING HIS APPOINTMENT, REMOVAL, TERM AND BOND.

Be it enacted b21 the General Assembly of the State of Delaware:

Section 1. § 102 (b), Chapter 1, Title 5 of the Delaware Code is hereby amended by striking out and repealing all of said § 102 (b) and substituting and enacting in lieu thereof the following new § 102 (b).

§ 102 (b) The Commissioner shall be appointed by the Bank Advisory Board for a term of 4 years, and shall hold office until his successor shall be duly appointed.

Section 2. That § 102 (d) (e) and (f) of Chapter 1, Title 5 of the Delaware Code is hereby amended by striking out and repealing the word "Governor" where it appears in said sections and substituting and enacting in lieu thereof the words "Bank Advisory Board".

NOTE: This bill became a law on July 15, 1955 without the approval of the Governor and in accordance with Section 18, Article 3 of the Constitution of Delaware.