§ 3212. Liability of licensee.
§ 3212. Liability of licensee. (a) Each licensee shall be absolutely liable for any loss, damage, destruction or impairment of the money or valuables placed in the licensee’s possession in addition to whatever additional liability shall be imposed upon the licensee by reason of contractual obligations or the laws of this State or any other […]
§ 3213. Suspension, revocation or surrender of license.
§ 3213. Suspension, revocation or surrender of license. (a) The Commissioner may revoke any license issued hereunder upon finding that: (1) The licensee has violated any provision of this chapter or any rule or regulation made by the Commissioner under and within the authority of this chapter or of any other law, rule or regulation […]
§ 3216. Penalties.
§ 3216. Penalties. Any person who violates this chapter shall be fined not less than $100 nor more than $1,000, imprisoned for not more than 5 years, or both, for each such offense. 5 Del. C. 1953, § 3216; 58 Del. Laws, c. 423.;
§ 3217. Rules and regulations.
§ 3217. Rules and regulations. The Commissioner may adopt such rules and regulations as are necessary for the proper administration of this chapter. 5 Del. C. 1953, § 3217; 58 Del. Laws, c. 423.;
§ 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 […]