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Code · Alaska · Title 6 · Chapter 55

Sec. 06.55.820. Transmission.

94 words·~1 min read·/ak/title-6/chapter-55/06-55-820

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Sec. 06.55.820. Transmission.
Within 10 business days after receiving the money or equivalent value for money transmission, unless otherwise ordered by the customer or unless the money transmission licensee has reason to believe a crime has occurred, is occurring, or may occur as a result of the money transmission, a money transmission licensee shall
(1)transmit after the deduction of fees the monetary equivalent of all money or equivalent value received for the money transmission; or
(2)issue instructions making the money or its monetary equivalent available to the person designated by the customer.
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