TITLE 5

Banking

Banks and Trust Companies

CHAPTER 16. CORPORATION LAW FOR STATE SAVINGS BANKS

Subchapter I. General Provisions


Savings banks shall be established or created in this State under and in accordance with this chapter. The term "savings bank," as used in this chapter, refers to a corporation organized under this chapter. The provisions of this chapter specifically relating to capital stock or stockholders of a savings bank shall not apply to a savings bank without capital stock.

71 Del. Laws, c. 25, § 35.;

Every corporation created under this chapter shall be deemed to be subject to and entitled to the benefit of this Code, including, but not limited to, provisions in Chapter 7 of this title that apply generally to banks and any other general statutes of this State making provision for the regulation of banks and trust companies or for the regulation and governance of corporations established under Title 8, where the same are not inconsistent with the express provisions of this chapter.

71 Del. Laws, c. 25, § 35.;

Every corporation created by or under this chapter shall be subject to the same taxation as shall be fixed by the laws of this State for banks and trust companies.

71 Del. Laws, c. 25, § 35.;

This chapter may be amended or repealed, at the pleasure of the General Assembly, but such amendment or repeal shall not take away or repeal any remedy against any corporation established under this chapter, or its officers, for any liability which shall have been previously incurred.

71 Del. Laws, c. 25, § 35.;