Kansas § 9-562 License required to provide money transmission, exceptions

Kansas Statutes

§ 9-562 — License required to provide money transmission, exceptions

Kansas § 9-562

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 5MISCELLANEOUS PROVISIONS

This text of Kansas § 9-562 (License required to provide money transmission, exceptions) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 9-562 (2026).

Text

(a)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.

(b)Subsection (a) shall not apply to a person that is:

(1)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

(2)exempt pursuant to K.S.A. 2024 Supp. 9-556, and amendments thereto, and does not engage in money transmission outside the scope of such exemption.

(c)A license issued pursuant to K.S.A. 2024 Supp. 9-567, and amendments thereto, shall not be transferable or assignable.

(d)This section shall take effect on and after January 1, 2025.

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(a) 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.
(b) Subsection (a) shall not apply to a person that is:
(1) 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
(2) exempt pursuant to K.S.A. 2024 Supp. 9-556, and amendments thereto, and does not engage in money transmission outside the scope of such exemption.
(c) A license issued pursuant to K.S.A. 2024 Supp. 9-567, and amendments thereto, shall not be transferable or assignable.
(d) This section shall take effect on and after January 1, 2025.