Section 06.55.107. Net worth.

Latest version.

A money transmission licensee shall maintain a net worth of at least $25,000 determined under generally accepted accounting principles.

Notes

CURRENCY EXCHANGE LICENSES

Recent Bills that will modify this

HB 271 MONEY SERVICES BUSINESS: REQS; LICENSING;
SB 152 MONEY SERVICES BUSINESS: REQS; LICENSING;

Implemented As

3 AAC 13.040

References

3 AAC 13.020
3 AAC 13.040

History

(Sec. 1 ch 55 SLA 2007)

                    
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