AN ACT making it lawful for certain national banks to act as executor, administrator, or trustee, and as registrar of stocks and bonds.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. It shall be lawful for any National Bank, located in this State, when authorized by the laws of the United States, to act by any and every method of appointment, and in any capacity, whatever, as Trustee, and as Executor, Administrator, or Registrar of stocks and bonds.
Section 2. In case any such National Bank shall be appointed Trustee, Executor or Administrator, as aforesaid, it may not be required, in the discretion of the appointing person, corporation, court, judge, officer, or authority, to give security on any bond, which it may by law be compelled to give by reason of such appointment.
Approved April 18, A. D. 1917.