California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 1.2. MONEY TRANSMISSION ACT |
Chapter 3. Licenses |
Section 2041.
Latest version.
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(a) A licensee shall conduct money transmission in California under its true name unless it has complied with Chapter 5 (commencing with Section 17900) of Part 3 of Division 7 of the Business and Professions Code.
(b) A licensee may only conduct money transmission in California under its true name unless it has provided 30-day advance written notice to the commissioner. A licensee may also use a trade name or logo, so long as there is reasonable disclosure of its true name.
(Added by Stats. 2011, Ch. 243, Sec. 4. Effective January 1, 2012.)