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2018 Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 55. Alaska Uniform Money Services Act
Article 8. Miscellaneous Provisions.
Sec. 06.55.820. Transmission.
Universal Citation: AK Stat § 06.55.820 (2018)
Within 10 business days after receiving the money or equivalent value for money transmission, unless otherwise ordered by the customer or unless the money transmission licensee has reason to believe a crime has occurred, is occurring, or may occur as a result of the money transmission, a money transmission licensee shall
(1) transmit after the deduction of fees the monetary equivalent of all money or equivalent value received for the money transmission; or
(2) issue instructions making the money or its monetary equivalent available to the person designated by the customer.
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