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Delaware Code

II

Powers and Duties

121Supervision over banks and other financial institutions; administration and enforcement of title 122Examination of financial institutions 123False statements, entries or reports; penalty 124Commissioner’s report of examination; cooperation with other regulatory agencies 125Disclosure of information; penalty 126Exemptions from examination 127Fees for examination; supervisory assessment [For application of this section, see 85 Del. Laws, c. 62, § 124, effective July 1, 2025]128Federal Reserve System reserve requirements 129Insufficient proportion of assets in cash or readily convertible securities; Commissioner’s notice to directors, stockholders, etc 130Impaired capital; procedure upon failure to make good 131Unsound condition of bank or trust company; receivership 132Possession and operation of bank or trust company by Commissioner without receivership 133Employment of assistants 134Commissioner’s costs and expenses as receiver; priority 135Moratorium on deposit withdrawals and segregation of new deposits 136Cease and desist orders 137Removal of officer or director 138Hearings 139Judicial review 140Notice to federal authorities 141Retention of financial institution records 142Subpoena powers 143General penalty 144Restrictions on use of words “savings” or “trust” in corporate name 145Financial institution supervisory privilege