Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 55. Alaska Uniform Money Services Act
Section 201. License Required. [Effective July 1, 2008]..
previous: Section 107. Net Worth. [Effective July 1, 2008]..
next: Section 202. Application for License. [Effective July 1, 2008]..

AS 06.55.201. License Required. [Effective July 1, 2008]..

(a) A person may not engage in currency exchange or advertise, solicit, or hold the person out as providing currency exchange for which the person receives revenues equal or greater than five percent of total revenues unless the person

(1) holds a currency exchange license;

(2) holds a money transmission license; or

(3) is an authorized delegate of a person who holds a money transmission license.

(b) A currency exchange license is not transferable or assignable.

All content © 2008 by Touch N' Go/Bright Solutions, Inc.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.