An applicant applying for a license, to own and operate an armored car guard agency, shall have the same qualifications of the private security agency license and must also:
(1) Have at least 4 years of experience as a manager in a bona fide armored car agency or 5 years as a police officer for any local, state or federal agency or the equivalent thereof who has graduated from a certified law-enforcement academy;
(2) Have been issued a license by the Banking Commissioner pursuant to § 3203 of Title 5.
69 Del. Laws, c. 285, § 3; 81 Del. Laws, c. 99, § 19.
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