Minnesota § 53B.36 LICENSE REQUIRED

Minnesota Statutes

§ 53B.36 — LICENSE REQUIRED

Minnesota § 53B.36

PartBANKING

Ch. 53BMONEY TRANSMITTERS

This text of Minnesota § 53B.36 (LICENSE REQUIRED) 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. § 53B.36 (2026).

Text

(a)A person is prohibited from engaging in the business of money transmission, or advertising, soliciting, or representing that the person provides money transmission, unless the person is licensed under this chapter.

(b)Paragraph (a) does not apply to:

(1)a person that is an authorized delegate of a person licensed under this chapter acting within the scope of authority conferred by a written contract with the licensee; or

(2)a person that is exempt under section53B.29and does not engage in money transmission outside the scope of the exemption.

(c)A license issued under section53B.40is not transferable or assignable.

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(a) A person is prohibited from engaging in the business of money transmission, or advertising, soliciting, or representing that the person provides money transmission, unless the person is licensed under this chapter.
(b) Paragraph (a) does not apply to:
(1) a person that is an authorized delegate of a person licensed under this chapter acting within the scope of authority conferred by a written contract with the licensee; or
(2) a person that is exempt under section53B.29and does not engage in money transmission outside the scope of the exemption.
(c) A license issued under section53B.40is not transferable or assignable.