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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

5 Del. C. § 2308: Net worth [For application of this section, see 85 Del. Laws, c. 338, § 3].

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Where this section sits in the code
  1. Title 5. Banking
  2. Other Businesses Under Jurisdiction of State Banking Department
  3. CHAPTER 23. Money Transmission and Virtual Currency [For application of this chapter, see 85 Del. Laws, c. 338, § 3]
  4. Subchapter II. Licensing [For application of this subchapter, see 85 Del. Laws, c. 338, § 3]

(a) A licensee shall maintain at all times a tangible net worth of the greater of $100,000 or 3% of total assets for the first $100 million, 2% of additional assets for $100 million to $1 billion, and 0.5% of additional assets for over $1 billion.

(b) A licensee shall demonstrate tangible net worth through its most recent audited or unaudited financial statements.

(c) Except as otherwise provided in subsections (a) and (b) of this section, the Commissioner may, for good cause shown, exempt these requirements in whole or in part.

Collected 2026-09-05T23:02:05Z. Source file · JSON

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