5 Del.C. §§3409 and 3411
Effective Date: August 11, 2014
1.0 Bond or Irrevocable Letter of Credit Required
Each licensee shall file with the State Bank Commissioner (the "Commissioner") an original corporate surety bond or an irrevocable letter of credit in a form satisfactory to the Commissioner in accordance with 5 Del.C. §3411. The minimum amount of the surety bond or irrevocable letter of credit is based on the factors identified in that section.
2.0 Amount of Bond or Irrevocable Letter of Credit
Minimum Required Amount of Surety Bond or Irrevocable Letter of Credit |
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