CHAPTER 15

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 CHANGING THE LOWER LIMIT TO WHICH PAR VALUE OF THE STOCK OF A BANK OR TRUST COMPANY MAY BE REDUCED BY AMENDMENT OF ITS CHARTER OR CERTIFICATE OF INCORPORATION FROM TEN DOLLARS ($10.00) TO FIVE DOLLARS ($5.00).

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

Section 1. § 749 (b), 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)" wherever the same appear in said subsection.

Approved March 15, 1957.