A. 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 article.

Terms Used In Arizona Laws 6-1207

  • Authorized delegate: means a person that a licensee designates to engage in money transmission on behalf of the licensee. See Arizona Laws 6-1201
  • Contract: A legal written agreement that becomes binding when signed.
  • Licensee: means a person licensed under this article. See Arizona Laws 6-1201
  • Person: means any individual, general partnership, limited partnership, limited liability company, corporation, trust, association, joint stock corporation or other corporate entity identified by the director. See Arizona Laws 6-1201

B. Subsection A of this section does not apply to either of the following:

1. A person that is an authorized delegate of a person licensed under this article that is acting within the scope of authority conferred by a written contract with the licensee.

2. A person that is exempt pursuant to section 6-1202 and does not engage in money transmission outside the scope of the exemption.

C. A license issued under section 6-1211 is not transferable or assignable.

  Previous section
Next section  
 Article 1 Contents