S.D. Codified Laws § 51A-17-NEW

Current through 2024 Legislative Session
Section 51A-17-NEW - [Newly enacted section not yet numbered] [Effective 7/1/2024]

A person shall not engage in the business of money transmission on behalf of a person not licensed under this Act or not exempt pursuant to section 2 of this Act. A person that engages in such activity, provides money transmission to the same extent as if the person were a licensee, shall be jointly and severally liable with the unlicensed or nonexempt person.

SDCL 51A-17-NEW

Added by S.L. 2024, ch. TBD,s. 40, eff. 7/1/2024.