Current through 2024 Legislative Session Act Chapter 531
Section 851 - DefinitionsAs used in this subchapter:
(1) "Bank holding company" means a company, as defined by the federal Bank Holding Company Act of 1956 ( 12 U.S.C. § 1841 et seq.), which is or becomes a bank holding company within the provisions of the federal act including, without limitation, its provisions for determining what constitutes control.(2) "Institution" means a national bank whose principal place of business is located in Delaware or a Delaware-chartered bank or bank and trust company.(3) "Delaware bank holding company" means a bank holding company with bank subsidiaries whose operations are principally conducted in Delaware. For the purposes of this subchapter, the operations of a bank holding company's subsidiaries are principally located in this State if the total deposits of all such subsidiaries in this State are greater than in any other state.66 Del. Laws, c. 25, §1.;