North Dakota Code 13-09.1-09 – License required
Current as of: 2023 | Check for updates
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1. A person may not engage in the business of money transmission or advertise, solicit, or hold itself out as providing money transmission unless the person is licensed under this chapter; 2. Subsection 1 does not apply to:
Terms Used In North Dakota Code 13-09.1-09
- Contract: A legal written agreement that becomes binding when signed.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- written: include "typewriting" and "typewritten" and "printing" and "printed" except in the case of signatures and when the words are used by way of contrast to typewriting and printing. See North Dakota Code 1-01-37
a. 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
b. A person that is exempt pursuant to section 13-09.1-02 and does not engage in money transmission outside the scope of the exemption.
3. A license issued under section 13-09.1-13 is not transferable or assignable.