- A person shall not engage in the business of money transmission without first procuring a license from the board; except that an agent, subagent, or representative of a licensee or an employee of an agent, subagent, or representative who acts on behalf of a licensee in the transmission of money by the licensee is not required to be licensed under this article 110.
- The board may investigate any person believed to be engaging in the business of money transmission without a valid license required under this section.
Source: L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 577, § 2, effective August 9.
Editor’s note: This section is similar to former § 12-52-104 as it existed prior to 2017.