Title 5 Banking
1400 Foreign Banks
1404 Application by a Foreign Bank for a License To Establish a Foreign Bank Representative Office Pursuant to Subchapter II, Chapter 14, Title 5, Delaware Code
Formerly Regulation No.: 5.1422.0004
Effective Date: August 13, 1998
1.0 Any application made to the State Bank Commissioner pursuant to §1422 of Title 5, Delaware Code, shall be submitted on the form appended hereto and accompanied by all documents called for by such form as well as by a duly authenticated copy of the foreign bank's charter and bylaws. A non-refundable processing fee of $500 payable to "State of Delaware" must accompany the filing of the attached application. Upon approval of the application, an additional $500 fee must be remitted prior to issuance of the license.
2.0 The Commissioner may, without notice or hearing, issue the requested license; provided that, at his discretion, the Commissioner may require public notice and a hearing on the application.
3.0 All portions, except for the financial report requested in item 5, of this application shall be considered public information.
2 DE Reg. 295 (08/01/98)