§ 3218. Limitation on construction of chapter.
§ 3218. Limitation on construction of chapter. This chapter shall not be construed as permitting any corporation, domestic or foreign, to transact in this State the business of a state bank and trust company, savings bank, industrial bank, private bank or building or savings and loan association. 5 Del. C. 1953, § 3218; 58 Del. […]
§ 3219. State government contracts.
§ 3219. State government contracts. No contract shall be awarded by the State for the transportation, handling or storage of moneys, including lawful currency and coin, negotiable and nonnegotiable securities, stocks, bonds, coupons and things of unusual value, in the absence of a certificate that (i) the provider was licensed under this chapter at the […]
§ 3220. Supervision and examination of business by the Commissioner.
§ 3220. Supervision and examination of business by the Commissioner. (a) Every person or combination of persons licensed as a transporter under this chapter shall be subject to the supervision and examination of the State Bank Commissioner and shall be examined by the Commissioner or the Commissioner’s authorized representative annually or at such intervals as […]
§ 3221. Cease and desist orders.
§ 3221. Cease and desist orders. (a) The Commissioner shall have the power and authority to issue and serve an order upon a person to cease and desist from any violation or practice if, in the opinion of the Commissioner, a transporter subject to this chapter is engaging in, or has engaged in, or, if […]
§ 3201. Citation.
§ 3201. Citation. This chapter may be cited as the “Transportation of Money and Valuables Act.” 5 Del. C. 1953, § 3201; 58 Del. Laws, c. 423.;
§ 3202. Definitions.
§ 3202. Definitions. For purposes of this chapter: (1) “Person” means any individual, partnership, association, joint stock association or corporation, or other entity, but does not include the United States government or the government of this State. (2) “Licensee” means a person duly licensed by the State Bank Commissioner pursuant to this chapter. (3) “Money” […]
§ 3203. License required.
§ 3203. License required. No person requiring a license by this chapter shall engage in this State in the business of a transporter until such person’s application for a license to so engage in business is finally approved by the State Bank Commissioner. 5 Del. C. 1953, § 3203; 58 Del. Laws, c. 423; 70 […]
§ 3204. Exempt from licensing.
§ 3204. Exempt from licensing. (a) No license as a transporter shall be required of any of the following: (1) Banks, trust companies, building and loan associations, organized under the laws of this State or authorized to do business in this State while transporting their own property; (2) Incorporated telegraph companies insofar as they receive […]
§ 3205. Qualifications.
§ 3205. Qualifications. 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 […]