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Delaware Code Title 5. Banking § 1408. Change of location or business;  transfer or assignment of certificate of authority

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) Any foreign bank holding a certificate of authority pursuant to this subchapter may make a written application to the Commissioner for leave to do 1 or more of the following:

(1) To change its place of business from the place designated in the certificate of authority to another place in this State.  An application for such change shall be accompanied by a filing fee of $500.

(2) To change its corporate name or the duration of its corporate existence if such change has been effected under the laws under which it was organized.

(b) No certificate of authority issued by the Commissioner pursuant to this subchapter shall be transferable or assignable without approval by the Commissioner.

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Cite this article: FindLaw.com - Delaware Code Title 5. Banking § 1408. Change of location or business;  transfer or assignment of certificate of authority - last updated January 01, 2026 | https://codes.findlaw.com/de/title-5-banking/de-code-sect-5-1408/

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