Wyoming § 40-22-118 Authorized delegate contracts

Wyoming Statutes

§ 40-22-118 — Authorized delegate contracts

Wyoming·Title 40 Trade and Commerce·Ch. 22 WYOMING MONEY TRANSMITTERS ACT

(a)A licensee shall designate an authorized delegate by express written contract including the following:

(i)That the licensee appoints the person as its delegate with authority to engage in money transmission on behalf of the licensee;

(ii)That an authorized delegate may not authorize subdelegates without the written consent of the commissioner; and

(iii)That authorized delegates are subject to supervision and regulation by the commissioner.

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(a) A licensee shall designate an authorized delegate by
express written contract including the following:
(i) That the licensee appoints the person as its
delegate with authority to engage in money transmission on
behalf of the licensee;
(ii) That an authorized delegate may not authorize
subdelegates without the written consent of the commissioner;
and
(iii) That authorized delegates are subject to
supervision and regulation by the commissioner.

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