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Miss. Code Ann. § 75-15-17

Agents; appointment of subagents to conduct money transmission prohibited

Known as the Mississippi Money Transmitters Act

The act spans §§ 75–75 (20 sections).

Codes, 1942, § 5131-09; Laws, 1966, ch. 257, § 9; Laws, 2010, ch. 448, § 9, eff from and after July 1, 2010.

A licensee may conduct his business at one or more locations within this state and through or by means of such agents as the licensee may from time to time designate or appoint.No license under this chapter shall be required of any agent of a licensee, provided that this exemption shall apply only to the agent’s acts on behalf of the licensee and this exemption shall not exempt the agent from the provisions of this chapter where he conducts money transmissions for his own account. The licensee shall require each of his appointed agents to display prominently on the agent’s premises, where same may be readily viewed by prospective clients or purchasers, a printed certificate signed by an authorized official of licensee setting forth in bold letters the names of the licensee and agent and stating that the licensee holds a valid and existing license issued by the commissioner under this chapter and that agent is a duly authorized agent of licensee.Neither a licensee nor an agent may appoint a subagent to conduct money transmissions.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.