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Current as of January 01, 2026 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Delaware Code Title 5. Banking § 3205. Qualifications - last updated January 01, 2026 | https://codes.findlaw.com/de/title-5-banking/de-code-sect-5-3205/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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