CHAPTER 248

FORMERLY

SENATE BILL NO. 280

AN ACT TO AMEND CHAPTER 9, TITLE 5, DELAWARE CODE, RELATING TO RESERVE REQUIREMENTS.

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

Section 1. Amend 5907(c) of Chapter 9, Title 5, Delaware Code, by adding the following to subsection (c):

"Reserves maintained under federal statute by State chartered non-member banks shall satisfy the reserve requirements of this Section."

Approved May 29, 1980.