5 Del. Admin. Code § 707-2.0
No division or subsidiary of any bank or trust company engaged in activities authorized by §761(a)(14) of Title 5 shall incur debt for the purpose of increasing its capital or surplus, including, but not limited to, debt incurred through the sale or issuance of capital notes, debentures or other forms of securitized debt, in an amount in excess of one percent of the total capital, surplus and undivided profits of the bank or trust company in any one year without the prior approval of the State Bank Commissioner and shall, in no event, incur such debt in an amount which, in the aggregate, exceeds ten percent of the total capital, surplus and undivided profits of the bank or trust company.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.