reglab/housing_qa huggingface dataset:
5 DE Code § 912. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 912. Limitations upon loans on security of and purchase of own capital stock.

§ 912. Limitations upon loans on security of and purchase of own capital stock. No bank or trust company shall purchase shares of its own capital stock, nor make any loan on the faith or pledge of shares of its own capital stock; but nothing in this section shall inhibit such purchase or loan when necessary to prevent loss on debts created prior to March 31, 1921, nor shall it affect the holding of stock acquired by any bank or trust company prior to March 31, 1921. Notwithstanding the foregoing, the Commissioner may approve the purchase by a bank or trust company of the shares of its own capital stock, subject to such terms and conditions, if any, as the Commissioner may require. 32 Del. Laws, c. 103, §  14;  Code 1935, §  2302;  5 Del. C. 1953, §  912;  80 Del. Laws, c. 1, §  2;
5 DE Code § 913. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 913. Authority of national bank to act as fiduciary.

§ 913. Authority of national bank to act as fiduciary. Any national bank located in this State, when authorized by the laws of the United States, may act by any and every method of appointment, and in any capacity whatever, as trustee, executor, administrator, or register of stocks and bonds. 29 Del. Laws, c. 118, §  1;  Code 1935, §  2368;  5 Del. C. 1953, §  913;
5 DE Code § 914. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 914. Appointment of trust company as trustee.

§ 914. Appointment of trust company as trustee. Any court, judge or officer, authorized by law to appoint any person or corporation to any office of trust, may appoint to such office any trust company incorporated under the laws of this State, and having its principal office or place of business in this State, if the court, judge or officer is satisfied that the capital stock of the trust company has been fully paid in cash, and that the trust company is authorized by its charter to perform the duties of the office. 22 Del. Laws, c. 388, §  1;  Code 1915, §§  635, 641, 3872;  37 Del. Laws, c. 52, §  2;  Code 1935, §§  525, 4398;  5 Del. C. 1953, §  914;
5 DE Code § 916. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 916. Preference of funds held on deposit.

§ 916. Preference of funds held on deposit. Whenever any bank or trust company holds on deposit funds as a part of its deposit liabilities for the account of an estate for which it is acting as executor, administrator, guardian, trustee or in any other fiduciary capacity, the liability of such institution to the estate entitled to the funds shall be at all times a preferred claim superior to all unsecured claims of other creditors, including depositors of the institution. This section shall not be construed to subordinate the security of any secured creditor of any such institution to the preference hereby accorded to the deposits of any estate. 32 Del. Laws, c. 103, §  23;  38 Del. Laws, c. 93, §  1(8);  38 Del. Laws, c. 94, §  23;  Code 1935, §§  2311, 2392;  45 Del. Laws, c. 161, §  1;  45 Del. Laws, c. 164, §  1;  5 Del. C. 1953, §  916;  61 Del. Laws, c. 491, §  1;
5 DE Code § 917. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 917. Surety not required on bond of trust company or national bank; liability and lien upon real estate.

§ 917. Surety not required on bond of trust company or national bank; liability and lien upon real estate. (a) (1) Whenever a trust company is appointed to an office of trust or to act in a fiduciary capacity, no surety need be required, in the discretion of the appointing court, judge or officer, on any bond given by it for the faithful performance of its duties, by reason of such appointment, unless otherwise stipulated in the will or other instrument making the appointment, or unless required in or by an order or decree of court having jurisdiction in the premises; but all of the capital stock, surplus and property owned by the trust company shall be specially and primarily liable for the obligation of the trust company while acting in such trust or fiduciary capacity. (2) All liabilities and obligations, arising from or growing out of any such trusts, shall be liens upon its real estate prior and paramount to any other lien or encumbrance the trust company may create or suffer respecting the same. (b) In case any national bank located in this State shall be appointed trustee, executor or administrator, it need not be required, in the discretion of the appointing person, corporation, court, judge, officer, or authority, to give security on any bonds, which it may by law be compelled to give by reason of such appointment. 22 Del. Laws, c. 388, §  2;  Code 1915, §§  635, 641, 2911, 3872;  37 Del. Laws, c. 52, §  2;  29 Del. Laws, c. 118, §  2;  38 Del. Laws, c. 94, §  24;  Code 1935, §§  525, 2369, 2393, 3416, 4398;  5 Del. C. 1953, §  917;
5 DE Code § 920. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 920. Deposits by minors.

§ 920. Deposits by minors. (a) Any bank, savings bank, savings institution or trust company may receive money on deposit from or in the name of any minor. When any deposit of money shall be made by or in the name of any minor with any bank, savings bank, savings institution or trust company in this State, the same shall be held for the benefit of the depositor, in the same way and to the same extent as if the depositor were an adult person. The minor depositor may make drafts or withdrawals of his deposits, and the deposits shall be paid, together with the dividends and interest thereon, to the person in whose name the deposit shall have been made, or upon his or her written order. The receipt or acquittance of a minor shall be a valid and sufficient release and discharge to the bank, savings bank, savings institution or trust company for the deposit, or any part thereof. (b) Any bank, savings bank, savings institution or trust company shall have the right to refuse any deposit offered by or in the name of a minor. (c) Any minor depositing money with a bank, savings bank, savings institution or trust company shall be subject, in all transactions connected therewith, as between himself or herself and the bank, savings bank, savings institution or trust company, to all the obligations, equities and defenses to which an adult person would be subject in similar transactions. 27 Del. Laws, c. 196, §§  1, 2;  Code 1915, §  2113;  Code 1935, §  2267;  5 Del. C. 1953, §  920;
5 DE Code § 922. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 922. Deposits of decedents.

§ 922. Deposits of decedents. Banks, trust companies, savings banks, and savings societies may pay out deposits of decedents, without requiring letters of administration to be issued upon the estates of such decedents, when and as provided by §§ 2306 and 2307 of Title 12. Code 1915, §  2115;  Code 1935, §  2269;  5 Del. C. 1953, §  922;
5 DE Code § 923. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 923. Deposits in names of two or more persons.

§ 923. Deposits in names of two or more persons. When a deposit in any bank, trust company, savings bank or other banking institution in this State, is made in the name of 2 or more persons, deliverable or payable to either, or to their survivor or survivors, the deposit, or any part thereof, or the increase thereof, may be delivered or paid to either of the persons, or to the survivor or survivors, in due course of business. 28 Del. Laws, c. 107, §  1;  Code 1935, §  2270;  5 Del. C. 1953, §  923;
5 DE Code § 926. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 926. Subrogation of Federal Deposit Insurance Corporation to rights of owners of insured deposits in closed institutions.

§ 926. Subrogation of Federal Deposit Insurance Corporation to rights of owners of insured deposits in closed institutions. Whenever a receiver has been appointed by the Court of Chancery for a bank or trust company in this State and the Federal Deposit Insurance Corporation pays or makes available for payment to the receiver the insured deposit liabilities of the closed institution, the Federal Deposit Insurance Corporation shall be subrogated to all the rights against the closed institution of the owners of the insured deposits in the same manner and to the same extent as if the owners had lawfully assigned to the Federal Deposit Insurance Corporation so much or such of their deposits as the Federal Deposit Insurance Corporation has paid or is ready to pay to the receiver. 40 Del. Laws, c. 231, §  1;  Code 1935, §  2408;  5 Del. C. 1953, §  926;
5 DE Code § 927. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 927. Penalty for false statements regarding financial condition.

§ 927. Penalty for false statements regarding financial condition. Whoever wilfully and maliciously makes, circulates or transmits to another or others, any false statement, rumor or suggestion, written, printed or by word of mouth, which is directly or by inference derogatory to the financial condition or affects the solvency or financial standing of any bank, trust company, savings bank, or other banking institution in this State, shall be fined not more than $2,000 or imprisoned not more than 2 years, or both. 28 Del. Laws, c. 107, §  1;  Code 1935, §  2272;  5 Del. C. 1953, §  927;
5 DE Code § 928. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 928. Penalty for representing or holding oneself out as engaged in business of receiving deposits or of a trust company.

§ 928. Penalty for representing or holding oneself out as engaged in business of receiving deposits or of a trust company. (a) Any person, firm, or association of individuals or any agent or official of any corporation or other person who in any manner represents or holds out himself, herself, themselves or itself, whether by public advertisement, placard, handbill or otherwise, as engaged in the receipt of deposits of money as a savings fund, bank or trust company or any business substantially similar thereto within the boundaries of the State, or as engaged in the business of a trust company within the boundaries of the State, not being authorized under this Code or any other laws of this State to engage in such business or any business substantially similar thereto, shall be fined $1,000 per day in accordance with § 143 of this title, except that § 143(c) of this title shall not apply. In addition, any such person or agent or official of any such corporation, firm or association of individuals may be imprisoned not more than 1 year. (b) When the name of any person or persons, firm, association or corporation appears in or on any handbill, placard, advertisement or other representation advertising or holding out such person, firm, association or corporation as engaged in the business of receiving deposits of money within the boundaries of the State, or as engaged in the business of a trust company within the boundaries of the State, it shall be prima facie evidence of its presence there by the authority and with the knowledge of such person, firm, association or corporation and of the officers and representatives in this State of the corporation or other person. 22 Del. Laws, c. 467, §§  1, 2;  Code 1915, §§  3507, 3508;  Code 1935, §§  3987, 3988;  5 Del. C. 1953, §  928;  70 Del. Laws, c. 6, §  5;  70 Del. Laws, c. 186, §  1;  73 Del. Laws, c. 247, §  5;
5 DE Code § 930A. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 930A. Mandatory disclosure in bank insurance policies.

§ 930A. Mandatory disclosure in bank insurance policies. (a) Any bank or trust company issuing policies of insurance either directly or through a division or subsidiary, shall disclose or cause to be disclosed to all applicants for such policies and to all policyholders that such policies, if and when issued, are not direct liabilities of such bank or trust company, and that only the assets of the insurance division or subsidiary issuing such policy are applicable to the payment and satisfaction of such policies or claims made thereunder. (b) The Commissioner shall by regulation provide for the adequate disclosure of the information set forth in subsection (a) of this section. 67 Del. Laws, c. 223, §  13;
5 DE Code § 931. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 931. Employee retirement pensions for savings banks and savings societies.

§ 931. Employee retirement pensions for savings banks and savings societies. (a) Savings banks and savings societies, subject to the laws of this State, may, in the discretion of a majority of all the managers or governing board, retire any officer, clerk or other employee, who has served the savings bank or savings society for a period of 30 years or more, or who has served the savings bank or savings society for a period of 10 years or more and shall have become incapacitated, or who has served the savings bank or savings society for a period of 20 years or more and has attained the age of 60 years. Any person retired from service pursuant to this section may be paid an annual pension, in equal monthly installments. The maximum pension paid shall in no case exceed 60% of the average annual salary for the 3 years preceding retirement. The discretion of the managers or governing board as to the time of payments, the amount of payments, and the duration of payments, within the maximum amounts allowed under this section, shall at all times be absolute and final. (b) For the purpose of establishing and maintaining a pension plan or a plan for carrying life insurance or providing other after death benefits for any of its officers, clerks or employees, or their estates or beneficiaries, or a plan combining these types of benefits, any such savings bank or savings society may, in the discretion of a majority of its board of managers or governing board, segregate or allocate funds from its income or other assets and pay the same into a trust fund. Any such institution establishing such trust fund may itself act as trustee or may have an independent trustee. Even though the ultimate benefits of the plan are paid out of such trust fund, or even though premiums for the coverage are paid out of such trust fund, rather than directly out of the savings institution's operating funds, unless the terms of the said trust are approved by the State Bank Commissioner as provided in this section, the limitations of years and percentage specified in the preceding paragraph shall remain applicable, and the only benefits payable shall be such as are authorized by the said paragraph. If the State Bank Commissioner shall determine that the said plan is not injurious to the institution or the security of its deposits, then such benefits as may be provided by said plan may be paid to officers, clerks or employees, or their estates or beneficiaries, in accordance with the terms of the plan, even though these terms may not be within the limitations of the preceding paragraph. If the plan has once been approved but is thereafter amended, the amendment shall be approved before any benefits are paid out under the amended plan. 43 Del. Laws, c. 141, §  1;  5 Del. C. 1953, §  931;  49 Del. Laws, c. 250;  55 Del. Laws, c. 118.;
5 DE Code § 932. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 932. Loans and securities insured by Federal Housing Administrator.

§ 932. Loans and securities insured by Federal Housing Administrator. (a) Banks, savings banks, trust companies, building and loan associations and insurance companies, subject to this Code and any other laws of this State, may make such loans and advances of credit and purchases of obligations representing loans and advances of credit as are eligible for insurance by the Federal Housing Administrator, and may obtain such insurance; and may make such loans, secured by real property or leasehold, as the Federal Housing Administrator insures or makes a commitment to insure, and may obtain such insurance. (b) Banks, savings banks, trust companies, building and loan associations, insurance companies, trustees, guardians and other fiduciaries, may invest their funds and the moneys in their custody or possession, eligible for investment, in notes or bonds secured by mortgage or trust deed insured by the Federal Housing Administrator, provided such notes or bonds or the notes, bonds or debentures into which the same are convertible upon foreclosure of such mortgage or deed of trust shall be guaranteed as to principal and interest by the United States government. (c) The mortgages, debentures and other securities herein made eligible for investment may be used, wherever securities must be furnished by any depository in the State, as security for the deposit of any funds whatsoever, or wherever securities must be deposited with any official of the State pursuant to this Code and any other statute of this State. (d) No law of this State requiring security upon which loans or investments may be made, or prescribing the nature, amount or form of such security, or prescribing or limiting interest rates upon loans or investments or limiting investments of capital or deposits, or prescribing or limiting the period for which loans or investments may be made, shall be deemed to apply to loans or investments made pursuant to this section. 40 Del. Laws, c. 150, §§  1, 2;  Code 1935, §§  2405, 2405(a), 2406, 2406(a);  41 Del. Laws, c. 133, §§  1-4;  5 Del. C. 1953, §  932;
5 DE Code § 933. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 933. Prize linked savings programs.

§ 933. Prize linked savings programs. (a) For purposes of this section “savings promotion raffle” means a raffle conducted by a bank or credit union doing business in Delaware where the sole action required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program. (b) Any bank or credit union doing business in this State may conduct a savings promotion raffle provided that the bank or credit union:  (1) Conducts the savings promotion raffle in a manner that ensures that each entry has an equal chance of winning the designated prize; (2) Fully discloses the terms and conditions of the savings promotion raffle to each of its account holders; (3) Offers an interest rate that is commensurate with the interest rate the bank or credit union offers on comparable savings accounts or savings programs that are not subject to a savings promotion raffle; and (4) Maintains records sufficient to facilitate an audit of such savings promotion raffle. (c) A savings promotion raffle is not a lottery for purposes of Chapter 48 of Title 29. 81 Del. Laws, c. 13, § 1;
5 DE Code § 936. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 936. International banking facilities.

§ 936. International banking facilities. The Commissioner may by rule except from the terms “deposit,” “borrowing,” and “extension of credit,” as they relate to the activities of international banking facilities and as defined in § 101 of this title, any class of transactions if the Commissioner finds that its inclusion would not be in the public interest. Any class of transactions otherwise included within the aforementioned terms “deposit,” “borrowing” and “extension of credit” shall be deemed by the Commissioner to be in the public interest if it promotes an environment conducive to the conduct of international banking business in this State, and does not constitute an unsafe, unsound or anticompetitive banking practice. 64 Del. Laws, c. 43, §  5;  72 Del. Laws, c. 15, §  9;  70 Del. Laws, c. 186, §  1;
5 DE Code § 937. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 937. Availability of funds.

§ 937. Availability of funds. (a) Financial institutions that delay availability shall review their policies and consider reducing the delay periods to the extent possible, consistent with prudent business practices. (b) Financial institutions shall disclose to depositors in an effective manner as to their delayed availability policies. (c) Financial institutions shall refrain from imposing unnecessary delays on all checks, particularly on social security and other government checks, deposited into established accounts beyond the time required to receive credit for the checks. 64 Del. Laws, c. 478, §  1;
5 DE Code § 939. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 9. Regulations Governing Business of Banks and Trust Companies|Subchapter I. General Provisions|§ 939. Negotiable instruments.

§ 939. Negotiable instruments. (a) For purposes of this section, “fiduciary” shall have the same meaning as in § 3301(d) of Title 12. (b) If a negotiable instrument is drawn upon the account of a principal in a bank by a fiduciary who is empowered to draw upon the principal's account, the bank is authorized to pay such instrument without being liable to the principal for the application of the funds. (c) If any negotiable instrument payable or endorsed to a fiduciary as such is endorsed by a fiduciary, or if any negotiable instrument payable or endorsed to a principal is endorsed by a fiduciary empowered to endorse such instrument on behalf of the principal, the endorsee is not bound to inquire whether the fiduciary is committing a breach of its obligation as fiduciary by endorsing or delivering the instrument, and is not liable for the application of the funds. 65 Del. Laws, c. 422, §  1;