(a) Application for a license shall be made to the Commissioner on forms prepared by him and shall be under oath.
(b) The application for a license shall:
1. State the name of the applicant and the street address of his principal office, as well as the mailing address if such mailing address is different from the street address.
2. Contain evidence of the good moral character of the applicant, if the applicant is an individual, or of the partners, if the applicant is a partnership; if the applicant is a joint-stock association, trust, unincorporated association or corporation, the secretary or any assistant secretary thereof shall certify the name and address of each of the officers, directors, trustees or other managing officials, together with a designation of the office or offices held by each and evidence of the good moral character of each, and shall submit such certificate to the Commissioner with the application.
3. Be accompanied by evidence of the ability of the applicant to meet the requirements of this act.
4. Be accompanied by the license fee required by Section 2107 of this title.
5. Unless the applicant shall have demonstrated a net worth in excess of Five Million Dollars ($5,000,000.00), be accompanied by a summary of the sales of checks activities being conducted by the applicant in any and all other states, and shall include the number of locations at which its checks are sold as well as information regarding bonds posted in each state and the amount thereof.
(c) All applications for a license shall be confidential and not subject to public inspection.
Added by Laws 1961, p. 427, § 5. Amended by Laws 1988, c. 216, § 4, eff. Nov. 1, 1988.
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