US Laws, Codes, Statutes & Cases

     53B.18 Prohibited practices. 

    No licensee shall: 

    (1) fail to comply with chapter 345 as it relates to 
 unclaimed property requirements; 

    (2) refuse to indemnify an instrument holder for any 
 misappropriation of money caused by any of its authorized 
 delegates in conducting activities on behalf of the licensee for 
 whom it acts as an authorized delegate; or 

    (3) fail to transmit all money received for wire 
 transmission in accordance with the purchaser's instructions 
 within five days. 

    HIST: 2001 c 148 s 19 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.