2020 Colorado Revised Statutes
Title 11 - Financial Institutions
Article 110. Money Transmitters
Section 11-110-205. Agent requirements.
(1) No money transmitter licensed pursuant to part 1 of this article 110 shall knowingly contract with an agent or owner of an agent holding more than a ten percent interest in the business who has been convicted of or pleaded guilty or nolo contendere to the offenses in article 5 of title 18; a felony in the selling or issuing of exchange or in money transmission; a felony involving a financial institution; or an equivalent crime outside Colorado.
(2) No agent of a money transmitter licensed pursuant to this article 110 shall knowingly employ a person to perform money transmission services who has been convicted of or pleaded guilty or nolo contendere to the offenses in article 5 of title 18; a felony in the selling or issuing of exchange or in money transmission; a felony involving a financial institution; or an equivalent crime outside Colorado.
Source: L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 588, § 2, effective August 9.
Editor's note: This section is similar to former § 12-52-205 as it existed prior to 2017.
