CHAPTER 82

FORMERLY

HOUSE BILL NO. 322

AN ACT TO AMEND CHAPTER 9 AND CHAPTER 11, TITLE 5 OF THE DELAWARE CODE RELATING TO BANKING AND REPORTS TO THE BANKING COMMISSIONER AND TIME FOR ASSESSMENT AND PAYMENT OF BANK FRANCHISE TAXES.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend §904, Chapter 9, Title 5 of the Delaware Code by striking the figure "10" as it appears in the second sentence of said section and by substituting in lieu thereof the figure "30".

Section 2. Amend §1103 (a), Chapter 11, Title 5 of the Delaware Code by striking said paragraph in its entirety and by substituting in lieu thereof the following:

"(a) The State Bank Commissioner shall, after the 31st day of January and prior to the 10th day of March in each year, ascertain from an inspection of the statements filed for December 31 in accordance with §1102 of this Title, and from any other sources of information which are open to him, the names and ,places of businesses of all banks and trust companies and national banks in this State, the amount of net income of each as defined in this Chapter, and the amount of tax levied thereon in accordance with this Chapter."

Section 3. Amend §1103 (c), Chapter 11, Title 5 of the Delaware Code by striking the word "April" as it appears in said paragraph and by substituting in lieu thereof the word "May".

Section 4. Amend §1104, Chapter 11, Title 5 of the Delaware Code by striking the word "May" as it appears in said section and by substituting in lieu thereof the word "June".

Approved June 10, 1977.