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Code · Minnesota · Chapter 53

53B.42 MAINTENANCE OF LICENSE.

93 words·~1 min read·/mn/chapter-53/53b-42

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53B.42 MAINTENANCE OF LICENSE.
(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.
(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 .
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