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

Alabama Statutes

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

Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 7A Alabama Monetary Transmission Act

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Alabama § 8-7A-11 (Relationship Between Licensee and Authorized Delegate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.