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.