Sec. 8-2. Unauthorized activities.
69 words·~1 min read·
/il/chapter-205/act-658/8-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 8-2. Unauthorized activities. A person shall not engage in the business of money transmission on behalf of a person not licensed under this Act or not exempt pursuant to Article III of this Act. A person that engages in such activity provides money transmission to the same extent as if the person were a licensee, and shall be jointly and severally liable with the unlicensed or nonexempt person.