Section 7-1-701 - Licensing for cash payment instruments(a) Pursuant to this article, the department may license a person to cash payment instruments.(b) No person shall cash payment instruments without first obtaining a license under this article.(c) Every person that directly or indirectly controls another person that violates subsection (b) of this Code section, each general partner, executive officer, joint venture, ultimate equitable owner, or director of such person, and every person occupying a similar status or performing similar functions as such person violates with and to the same extent as such person. Any person who directly or indirectly controls a person who violates subsection (b) of this Code section may avoid liability if such person sustains the burden of proof that the person did not know and, in the exercise of reasonable care, could not have known of the existence of the facts by reason of which the original violation is alleged to exist.Added by 2014 Ga. Laws 532,§ 2, eff. 7/1/2014.