Application for license; fee; findings required for issuance.
Del. Code tit. 5, § 1422
in effect(a) The application for a license shall contain information and be accompanied by a reasonable fee as determined by the Commissioner.
(b) The Commissioner shall issue a license to a foreign bank to establish and maintain a representative office if the Commissioner finds:
(1) The foreign bank and the proposed management of the representative office are each of good character and sound financial standing;
(2) The management of the foreign bank and the proposed management of the representative office are adequate; and
(3) The convenience and needs of persons to be served by the proposed representative office will be promoted.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title5/c014/sc02/index.htmlFetched: 10/4/2026