§ 5001. “Payment network” defined.
§ 5001. “Payment network” defined. The term “payment network” as used in this chapter means a nonstock member corporation incorporated under Title 8 which has 50 percent or more of its members organized as: (1) Banks, thrifts, credit unions or other financial institutions, under the laws of this State, any other state, the laws of […]
§ 5002. Voting rights of members and selection of governing body.
§ 5002. Voting rights of members and selection of governing body. Notwithstanding any other provision of the laws of this State contained in Title 8 or elsewhere: (1) Unless otherwise provided in the certificate of incorporation of a payment network, or, if the certificate of incorporation so provides, in its bylaws, each member shall be […]
§ 5003. Regulatory authority not created.
§ 5003. Regulatory authority not created. This chapter shall not subject a payment network not otherwise regulated by the State Bank Commissioner to any regulation by the State Bank Commissioner. 75 Del. Laws, c. 233, § 1;