6-10-01. License required to act as agent for deposits.
49 words·~1 min read·
/nd/title-06/chapter-6-10-agents-for-deposits/6-10-01·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No person, partnership, association, corporation, or limited liability company, except as otherwise authorized by law, may engage in the business of receiving, as agent for another, moneys for the purpose of deposit in a bank, without first having applied to the commissioner and received a license so to do.