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Kan. Stat. Ann. § 9-580

Liability when conducting money transmission on behalf of an unlicensed person

Kansas · Kansas Statutes Annotated Chapter 9 — Banks and Banking; Trust Companies · Status: effective

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Kan. Stat. Ann. § 9-580, Liability when conducting money transmission on behalf of an unlicensed person, Kansas, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2433744
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(a) No person shall engage in the business of money transmission on behalf of a person who is not licensed or exempt from licensing under this act. If a person engages in such activity, such person shall be deemed to have provided money transmission to the same extent that such person were a licensee and shall be jointly and severally liable with the unlicensed or nonexempt person. (b) This section shall take effect on and after January 1, 2025.