California Financial Code

§ 2041

FIN § 2041 Effective Jan 1, 2012Div. 1.2 · Ch. 3

Statute text

(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.

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.