“Payment network” defined. — Delaware Code § 5001
Delaware Code § 5001 — “Payment network” defined.. Reproduced from the official Delaware Code, with a citation summary, verification link, and related provisions.
§ 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 a foreign country, the United States of America, a territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands; or
(2) Organizations whose direct or indirect owners or members are financial institutions described in paragraph (1) of this section above, and which has as its principal business the provision of payment network services.
75 Del. Laws, c. 233, § 1;Source: official Delaware text · Last verified 2026-08-27
At a glance
- Citation: Delaware Code § 5001
- Jurisdiction: Delaware
- Code: Delaware Code
- Subject: “Payment network” defined.
- Text: transcribed from the official source (verify below)
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