Minnesota § 53A.09 POWERS; LIMITATIONS; PROHIBITIONS

Minnesota Statutes

§ 53A.09 — POWERS; LIMITATIONS; PROHIBITIONS

Minnesota § 53A.09

PartBANKING

Ch. 53ACURRENCY EXCHANGES

This text of Minnesota § 53A.09 (POWERS; LIMITATIONS; PROHIBITIONS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 53A.09 (2026).

Text

Subdivision 1.Deposits; escrow accounts.
A currency exchange may not accept money or currency for deposit, or act as bailee or agent for persons, firms, partnerships, associations, or corporations to hold money or currency in escrow for others for any purpose. However, a currency exchange may act as agent for the issuer of money orders or travelers' checks.

Subd. 2.Gambling establishments.
A currency exchange located on the premises of a gambling establishment as defined in section142A.13, subdivision 14, may not cash a warrant that bears a restrictive endorsement under section256.9831, subdivision 3.

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Subdivision 1.Deposits; escrow accounts.
A currency exchange may not accept money or currency for deposit, or act as bailee or agent for persons, firms, partnerships, associations, or corporations to hold money or currency in escrow for others for any purpose. However, a currency exchange may act as agent for the issuer of money orders or travelers' checks.

Subd. 2.Gambling establishments.
A currency exchange located on the premises of a gambling establishment as defined in section142A.13, subdivision 14, may not cash a warrant that bears a restrictive endorsement under section256.9831, subdivision 3.