Definitions.
Del. Code tit. 5, § 167
in effectFor purposes of this subchapter, the following words and phrases shall have the meanings ascribed to them herein:
(1) “Control” means the power, directly or indirectly, to direct the management or policies of a Delaware chartered bank or trust company or to vote 25% or more of any class of voting securities of such bank or trust company. For purposes of this subchapter, the acquisition of 10% or more of the voting stock of a Delaware chartered bank or trust company shall be presumed to constitute control if such institution has any class of voting securities registered under § 12 of the Securities Exchange Act of 1934 [15 U.S.C. § 78l] or if immediately after the transaction no other person will own a greater proportion of that class of voting securities.
(2) “Delaware chartered bank or trust company” includes any Delaware bank holding company or Delaware savings and loan holding company.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title5/c001/sc03/index.htmlFetched: 10/4/2026