Minnesota Statutes 53B.42 – Maintenance of License
Current as of: 2023 | Check for updates
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(a) If a licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license, the commissioner may suspend or revoke the licensee’s license in accordance with the procedures established by this chapter or other applicable state law for license suspension or revocation.
Terms Used In Minnesota Statutes 53B.42
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
(b) An applicant for a money transmission license must demonstrate that the applicant meets or will meet, and a money transmission licensee must at all times meet, the requirements in sections 53B.59 to 53B.61.