Qualifications. — Delaware Code § 3205
Delaware Code § 3205 — Qualifications.. Reproduced from the official Delaware Code, with a citation summary, verification link, and related provisions.
§ 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 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.
5 Del. C. 1953, § 3205; 58 Del. Laws, c. 423.;Source: official Delaware text · Last verified 2026-08-27
At a glance
- Citation: Delaware Code § 3205
- Jurisdiction: Delaware
- Code: Delaware Code
- Subject: Qualifications.
- Text: transcribed from the official source (verify below)
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Common questions
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What subject does Delaware Code § 3205 address?
It addresses "Qualifications.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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