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Code · Utah · Title 7 — Financial Institutions Act · Chapter 25

7-25-201. Licensing required.

71 words·~1 min read·/ut/title-7/chapter-25/7-25-201

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/12/2015
7-25-201. Licensing required.
(1)Unless exempt under Section 7-25-202 , a person may not engage in the business of money transmission without a license.
(2)A licensee may conduct its business in this state at one or more locations, directly or indirectly owned, or through one or more authorized agents, or both, pursuant to the single license granted to the licensee.
Enacted by Chapter 284 , 2015 General Session
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