Minn. Stat. § 53B.52

Current through 2023, c. 127
Section 53B.52 - UNAUTHORIZED ACTIVITIES

A person is prohibited from engaging in the business of money transmission on behalf of a person not licensed under this chapter or not exempt under sections 53B.29 and 53B.30. A person that engages in the business of money transmission on behalf of a person that is not licensed under this chapter or not exempt under sections 53B.29 and 53B.30 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.

Minn. Stat. § 53B.52

Added by 2023 Minn. Laws, ch. 57,s 3-39, eff. 8/1/2023.