Colorado Statutes
§ 11-110-802 — Unauthorized activities - joint and several liability
A person
shall not engage in the business of money transmission on behalf of a person not
licensed under this article 110 or not exempt pursuant to part 3 of this article 110. A
person that engages in such activity provides money transmission to the same
extent as if the person were a licensee and shall be jointly and severally liable with
the unlicensed or nonexempt person.
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Legislative History
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 401, � 1,
effective August 6.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action