Delaware § 3205 Qualifications

Delaware Statutes

§ 3205 — Qualifications

Delaware·Title 5·Part Other Businesses Under Jurisdiction of State Banking Department·Ch. 32 TRANSPORTATION OF MONEY AND VALUABLES

To qualify for a license hereunder an applicant shall meet the following requirements:

(1)The applicant shall have a net worth of at least $50,000, computed according to generally accepted accounting principles.

(2)The financial responsibility, financial condition, and business experience, and character and general fitness of the applicant shall be such as reasonably to warrant the belief that applicant’s business will be conducted honestly, carefully and efficiently. To the extent deemed advisable by the Commissioner, the Commissioner may investigate and consider the qualifications of the applicant including officers and directors of an applicant in determining whether this qualification has been met.

Free access — add to your briefcase to read the full text and ask questions with AI

To qualify for a license hereunder an applicant shall meet the following requirements:

(1) The applicant shall have a net worth of at least $50,000, computed according to generally accepted accounting principles.

(2) The financial responsibility, financial condition, and business experience, and character and general fitness of the applicant shall be such as reasonably to warrant the belief that applicant’s business will be conducted honestly, carefully and efficiently. To the extent deemed advisable by the Commissioner, the Commissioner may investigate and consider the qualifications of the applicant including officers and directors of an applicant in determining whether this qualification has been met.

Delaware § 3205 (Qualifications) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.