Ca_Law

statute | California

Financial Code - FIN - FIN § 2063

  • UIDca_leginfo_codes:fin-2063
  • CitationFinancial Code - FIN - FIN § 2063
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) No agent of a licensee who has actual notice that the commissioner has suspended or revoked the license of the licensee or that the commissioner has issued an order taking possession of the property and business of the licensee shall conduct money transmission on behalf of th

Text

(a)
No agent of a licensee who has actual notice that the commissioner has suspended or revoked the license of the licensee or that the commissioner has issued an order taking possession of the property and business of the licensee shall conduct money transmission on behalf of the licensee.
(b)
If any agent of a licensee, after first having actual notice that the commissioner has suspended or revoked the
license of the licensee or that the commissioner has issued an order taking possession of the property and business of the licensee, conducts money transmission on behalf of the licensee, the agent shall be jointly and severally liable with the licensee for payment of the money transmission.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 2063

    (a) No agent of a licensee who has actual notice that the commissioner has suspended or revoked the license of the licensee or that the commissioner has issued an order taking possession of the property and business of the licensee shall conduct money transmission on behalf of the licensee. (b) If any agent of a li…