CHAPTER 14

REDUCING MINIMUM PAR VALUE OF CAPITAL STOCK OF CERTAIN BANKS

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 TEN DOLLARS ($10.00) TO FIVE DOLLARS ($5.00).

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

Section 1. § 746, Chapter 7, Title 5, Delaware Code of 1953, is amended by substituting the words and figures "Five Dollars ($5.00)" for the words and figures "Ten Dollars ($10.00)" in the first sentence of said section.

Approved March 15, 1957.