CHAPTER 423

FORMERLY

SENATE BILL NO. 636

AN ACT TO AMEND §121, CHAPTER 1, TITLE 5, DELAWARE CODE, RELATING TO SUPERVISION OVER BANKS AND OTHER FINANCIAL INSTITUTIONS.

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

Section 1. Amend §121, Chapter 1, Title 5, Delaware Code, by adding a new subsection (c) as follows:

"(c) The Commissioner may issue subpoenas to compel the attendance of witnesses and the production of documents, papers, books, records and other evidence before him in any matter over which he has jurisdiction, control or supervision. The Commissioner may administer oaths and affirmations to any person whose testimony is required."

Section 2. Amend §121, Chapter 1, Title 5, Delaware Code, by adding a new subsection (d) as follows:

"(d) If any person shall fail to comply with any subpoena issued by the Commissioner, or to testify with respect to any matter concerning which he may be lawfully interrogated, the Superior Court, on application of the Commissioner, may issue an order requiring the attendance of such person and the giving of testimony or production of evidence. Any person failing to obey the Court's order may be punished by Court as for contempt."

Approved July 8, 1978.