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§ 778 — Delaware Law | CourtGPT
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  2. Laws/
  3. Delaware/
  4. Title 5 - Banking/
  5. Chapter 7 - Corporation Law for State Banks and Trust Companiessub/
  6. Subchapter V - Limited Purpose Trust Companies§ 773. Definitions/
  7. § 778
Delaware Legal Code

§ 778

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If any limited purpose trust company is found by the Commissioner to have violated any condition of § 777(c) of this title or to have exercised powers beyond those conferred by § 775 of this title, the Commissioner shall issue an order pursuant to § 136 of this title to cease and desist such violation by a date certain. Upon a finding that the limited purpose trust company has not complied with such order, the Commissioner shall take such steps as set forth in § 131 of this title as regards violations of this Code.63 Del. Laws, c. 261, § 3;