§6087. License required
A person may not engage in the business of money transmission or advertise, solicit or hold itself out as providing money transmission unless the person is licensed under this Act.
[PL 2023, c. 662, §2 (NEW).]
1.
Exemption.
This section does not apply to:
A.
A person that is an authorized delegate of a person licensed under this Act acting within the scope of authority conferred by a written contract with the licensee; or
[PL 2023, c. 662, §2 (NEW).]
B.
A person that is exempt pursuant to section 6074 and does not engage in money transmission outside the scope of such exemption.
[PL 2023, c. 662, §2 (NEW).]
[PL 2023, c. 662, §2 (NEW).]
2.
Transfer or assignment.
A license issued under section 6091 is not transferable or assignable.
[PL 2023, c. 662, §2 (NEW).]
SECTION HISTORY
PL 2023, c. 662, §2 (NEW).