Alabama § 8-7A-11 Relationship Between Licensee and Authorized Delegate

Alabama Statutes

§ 8-7A-11 — Relationship Between Licensee and Authorized Delegate

Alabama § 8-7A-11

Title 8Commercial Law and Consumer Protection

Ch. 7AAlabama Monetary Transmission Act

This text of Alabama § 8-7A-11 (Relationship Between Licensee and Authorized Delegate) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 8-7A-11 (2026).

Text

(a)A contract between a licensee and an authorized delegate shall require the authorized delegate to operate in full compliance with this chapter.

(b)The licensee shall establish, furnish, and enforce policies and procedures sufficient to ensure that its authorized delegates comply with this chapter.

(c)An authorized delegate may not use a subdelegate to conduct money transmission on behalf of a licensee.

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(a) A contract between a licensee and an authorized delegate shall require the authorized delegate to operate in full compliance with this chapter.
(b) The licensee shall establish, furnish, and enforce policies and procedures sufficient to ensure that its authorized delegates comply with this chapter.
(c) An authorized delegate may not use a subdelegate to conduct money transmission on behalf of a licensee.