Final: 1111 Estimated Franchise Tax Report for Resulting Branches in this State of Out-of-State Banks

Office of the State Bank Commissioner

Statutory Authority: 5 Delaware Code, Section 121(b) (5 Del.C.
§121(b))

5
DE Admin. Code
1111

FINAL

ORDER

1111 Estimated Franchise Tax Report for Resulting Branches in this State of Out-of-State Banks

IT IS HEREBY ORDERED, this 10 th day of September, 2020, that amended Regulations 801, 1101, 1104, 1105, 1107, 1108, 1111, 1112, 1113, 1114, and 1201 are adopted as Regulations of the State Bank Commissioner. The effective date of each of these Regulations is October 11, 2020. These Regulations are adopted by the State Bank Commissioner in accordance with Title 5 of the Delaware Code and pursuant to the requirements of Chapters 11 and 101 of Title 29 of the Delaware Code, as follows:

1. Regulation 801 is amended by deleting the Office of the State Bank Commissioner’s old office mailing and delivery address and inserting the new office mailing and delivery address and removing a reference to the former Regulation number.

2. Regulations 1101, 1104, 1105, 1107, 1108, 1111, 1112, 1113, 1114, and 1201 are amended by deleting the Office of the State Bank Commissioner’s old mailing and delivery address and inserting the new mailing and delivery address.

3. The State Bank Commissioner is authorized to adopt regulations as provided in Section 121(b) of Title 5 of the Delaware Code.

4. The Administrative Procedures Act, Chapter 101 of Title 29 of the Delaware Code, provides at Section 10113, in pertinent part:

“(b) Regulations of the following types are exempted from the procedural requirements of this chapter and may be adopted informally: …

“(4) Nonsubstantive changes in existing regulations to alter style or form or to correct technical errors; …

“Any regulation adopted pursuant to this subsection, along with a copy of the order adopting said regulation, shall be filed with the Registrar of Regulations, and the regulation so filed shall become the official regulation as defined in § 1132 of this title.”

Robert A. Glen

State Bank Commissioner

1111 Estimated Franchise Tax Report for Resulting Branches in this State of Out-of-State Banks

5
Del.C
.
Ch. 1
1

Effective Date:
February 11, 2017

October 11, 2020

This report shall be completed by the resulting branch(es) in this State of an out of state bank with an estimated tax liability in excess of $10,000 in a given year. The completed report is to be filed in the Office of the State Bank Commissioner on or before March 1 of the current year. Instructions for the preparation of this report are found in Regulation 1110.

5 DE Reg. 647 (09/01/01)

20 DE Reg. 654 (02/01/17)

24 DE Reg. 391 (10/01/20) (Final)

1111A.pdf

Estimated Franchise Tax Report for Resulting Branches in this State of Out-of-State Banks

http://regulations.delaware.gov/register/october2020/final/1111A.pdf