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Kansas Stat.
2025 Kansas Statutes
Chapter 9 - Banks And Banking; Trust Companies
Article 5 - Miscellaneous Provisions
9-580 Liability when conducting money transmission on behalf of an unlicensed person.
Universal Citation:
KS Stat § 9-580 (2025)
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9-580.
Liability when conducting money transmission on behalf of an unlicensed person.
(a) No person shall engage in the business of money transmission on behalf of a person who is not licensed or exempt from licensing under this act. If a person engages in such activity, such person shall be deemed to have provided money transmission to the same extent that such person were a licensee and shall be jointly and severally liable with the unlicensed or nonexempt person.
(b) This section shall take effect on and after January 1, 2025.
History: L. 2024, ch. 64, ยง 26; July 1.
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