K.S.A. 9-580: Liability when conducting money transmission on behalf of an unlicensed person.
Where this section sits in the code
- Chapter 9.—BANKS AND BANKING; TRUST COMPANIES
- Article 5.—MISCELLANEOUS PROVISIONS
(a) No person shall engage in the business of money transmission on behalf of a person who is not licensed or exempt from licensing under this act. If a person engages in such activity, such person shall be deemed to have provided money transmission to the same extent that such person were a licensee and shall be jointly and severally liable with the unlicensed or nonexempt person.
(b) This section shall take effect on and after January 1, 2025.
Collected 2026-09-04T15:10:03Z. Source file · JSON