Sections
§ 1301 Definitions 5
§ 1302 Closing on legal holidays 5
§ 1303 Proclamation of emergency 5
§ 1304 Powers of officers 5
§ 1305 Prompt notice required 5
§ 1306 Immunity from liability 5
§ 1307 Construction of chapter 5
§ 1308 Limited operations authorized 5

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Terms Used In Delaware Code > Title 5 > Chapter 13 - Banking Organization's Power to Close Offices On Holidays and During Emergencies

  • Emergency: means any condition which interferes with the conduct of normal business operations at 1 or more of a banking organization's offices, or which poses an imminent or existing threat to the safety and security of persons or property, or both. See Delaware Code Title 5 Sec. 1301
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Office: means any place at which a banking organization transacts business or conducts operations related to the transaction of business, and shall specifically include, without limiting the generality of the foregoing, automatic teller machines. See Delaware Code Title 5 Sec. 1301
  • Officers: means those persons designated by the banking organization's board of directors or trustees to act for the banking organization. See Delaware Code Title 5 Sec. 1301
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.