Mo. Rev. Stat. § 361.978

Current with changes from the 2024 Legislative Session
Section 361.978

A person shall not engage in the business of money transmission on behalf of a person not licensed under sections 361.900 to 361.1035 or not exempt under sections 361.909 and 361.912. A person that engages in such activity provides money transmission to the same extent as if the person were a licensee and shall be jointly and severally liable with the unlicensed or nonexempt person.

§ 361.978, RSMo

Added by 2024 Mo. Laws, SB 1359,s A, eff. 8/28/2024.