Indiana Statutes
§ 28-8-4.1-507 — Department's authority to suspend or revoke license; obligation to meet tangible net worth, surety bond, and permissible investment requirements
Indiana § 28-8-4.1-507
This text of Indiana § 28-8-4.1-507 (Department's authority to suspend or revoke license; obligation to meet tangible net worth, surety bond, and permissible investment requirements) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 28-8-4.1-507 (2026).
Text
(a)If a licensee does not continue to meet
the qualifications or satisfy the requirements that apply to an applicant
for a new money transmission license, the department may suspend or
revoke the licensee's license in accordance with the procedures
established by this chapter or other applicable state law for such
suspension or revocation.
(b)An applicant for a money transmission license must demonstrate
that it meets or will meet, and a money transmission licensee must at
all times meet, the requirements set forth in sections 1001, 1002, and
1003 of this chapter.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
As added by P.L.198-2023, SEC.4.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrowsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 28-8-4.1-507, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-8-4.1-507.