HOUSE BILL NO. 323
AS AMENDED BY
HOUSE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 9, TITLE 5 OF THE DELAWARE CODE RELATING TO THE FARMERS BANK AND INDEMNIFICATION OF FARMERS BANK DIRECTORS BY THE STATE.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-fourths of all members elected to each House thereof concurring therein):
Section 1. Amend Chapter 9, Title 5 of the Delaware Code by amending §935 (h) by striking said section in its entirety and by substituting in lieu thereof the following:
"(h) No indemnity .or payments shall be furnished pursuant to this Act for any act or omission which shall occur after March 31, 1978 unless the application of this statute has been extended by a subsequent Act of the General Assembly."
Section 2. Amend Chapter 9, Title 5 of the Delaware Code by striking §935 (e)(3) in its entirety and renumbering all subsequent paragraphs accordingly.
Approved June 10, 1977.