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 § 9-580

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 5MISCELLANEOUS PROVISIONS

This text of Kansas § 9-580 (Liability when conducting money transmission on behalf of an unlicensed person) 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. § 9-580 (2026).

Text

(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.