2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
53B.12 EXTRAORDINARY REPORTING REQUIREMENTS.
Within 15 days of the occurrence of any one of the events listed below, a licensee shall
file a written report with the commissioner describing the event and its expected impact on the
licensee's activities in the state:
(1) the filing for bankruptcy or reorganization by the licensee;
(2) the institution of revocation or suspension proceedings against the licensee by any state
or governmental authority with regard to the licensee's money transmission activities;
(3) any felony indictment of the licensee or any of its key officers or directors related to
money transmission activities; or
(4) any felony conviction of the licensee or any of its key officers or directors related to
money transmission activities.
History: 2001 c 148 s 13
Within 15 days of the occurrence of any one of the events listed below, a licensee shall
file a written report with the commissioner describing the event and its expected impact on the
licensee's activities in the state:
(1) the filing for bankruptcy or reorganization by the licensee;
(2) the institution of revocation or suspension proceedings against the licensee by any state
or governmental authority with regard to the licensee's money transmission activities;
(3) any felony indictment of the licensee or any of its key officers or directors related to
money transmission activities; or
(4) any felony conviction of the licensee or any of its key officers or directors related to
money transmission activities.
History: 2001 c 148 s 13
Official Publication of the State of Minnesota
Revisor of Statutes