Kansas § 9-580 Liability when conducting money transmission on behalf of an unlicensed person

Kansas Statutes

§ 9-580 — Liability when conducting money transmission on behalf of an unlicensed person

Kansas·Ch. 9 BANKS AND BANKING; TRUST COMPANIES·Art. 5 MISCELLANEOUS PROVISIONS

(a)No person shall engage in the business of money transmission on behalf of a person who is not licensed or exempt from licensing under this act. If a person engages in such activity, such person shall be deemed to have provided money transmission to the same extent that such person were a licensee and shall be jointly and severally liable with the unlicensed or nonexempt person.

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

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(a) No person shall engage in the business of money transmission on behalf of a person who is not licensed or exempt from licensing under this act. If a person engages in such activity, such person shall be deemed to have provided money transmission to the same extent that such person were a licensee and shall be jointly and severally liable with the unlicensed or nonexempt person.
(b) This section shall take effect on and after January 1, 2025.

Kansas § 9-580 (Liability when conducting money transmission on behalf of an unlicensed person) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.