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

5 Del. C. § 3536: Fitness and character requirements [For application of this section, see 85 Del. Laws, c. 339, § 2].

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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 35. Delaware Payment Stablecoins Act [For application of this chapter, see 85 Del. Laws, c. 339, § 2]
  4. Subchapter VII. Risk Management and Governance [For application of this subchapter, see 85 Del. Laws, c. 339, § 2]

(a) An individual who has been convicted of, or has pleaded guilty or nolo contendere to, any crime involving fraud, dishonesty, breach of trust, money laundering, or financial crimes in any jurisdiction may not serve as a director or executive officer of a permitted payment stablecoin issuer licensed under this chapter.

(b) The Commissioner may establish by regulation additional fitness and character standards applicable to executive officers, directors, and persons with control of permitted payment stablecoin issuers, consistent with the standards established for federal qualified payment stablecoin issuers under the GENIUS Act [12 U.S.C. § 5901 et seq.].

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

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