Maine Statutes
§ 32 §6100-I — Unauthorized activities
A person may not engage in the business of money transmission on behalf of a person not licensed under this Act or not exempt pursuant to subchapter 3. A person that engages in the business of money transmission on behalf of such a person provides money transmission to the same extent as if the person were a licensee and is jointly and severally liable with the unlicensed or nonexempt person.
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Maine § 32 §6100-I (Unauthorized activities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 2023, c. 662, §2 (NEW).
Nearby Sections
15
§ 32 §6100
Report of condition§ 32 §6100-A
Audited financials§ 32 §6100-AA
Consent agreements§ 32 §6100-B
Authorized delegate reporting§ 32 §6100-BB
Criminal penalties§ 32 §6100-C
Reports of certain events§ 32 §6100-CC
Civil penalties§ 32 §6100-D
Bank Secrecy Act reports§ 32 §6100-DD
Unlicensed persons§ 32 §6100-E
Records§ 32 §6100-HH
Uniformity of application and construction§ 32 §6100-I
Unauthorized activities§ 32 §6100-II
Adoption of rules