There is a newer version of the California Code
2011 California Code
Financial Code
DIVISION 1.2. MONEY TRANSMISSION ACT [2000 - 2172]
CHAPTER 4. Agents
Section 2062
CA Fin Code § 2062 (through 2012 Leg Sess) What's This?
A person may not provide money transmissions on behalf of a person not licensed or not exempt from licensure under this chapter. A person that engages in that activity provides money transmissions services to the same extent as if the person was a licensee, and shall be jointly and severally liable with the unlicensed or nonexempt person.
(Added by Stats. 2011, Ch. 243, Sec. 4. Effective January 1, 2012.)
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