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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-55-401. License required

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) A person may not engage in currency exchange or advertise, solicit, or hold itself out as providing currency exchange for which the person receives revenues equal or greater than five percent of total revenues unless the person:

(1) is licensed under this article;

(2) is licensed for money transmission under § 23-55-201 et seq.; or

(3) is an authorized delegate of a person licensed under § 23-55-201 et seq.

(b) A license under this article is not transferable or assignable.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-55-401. License required - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-55-401/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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