Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can you summarize MORS 361.705?
Division of Finance and Powers of Director of Finance > License required to issue checks for consideration, exceptions violations, penalty.
Short Summary
1.No person shall issue checks in this state for a consideration without first obtaining a license from the director; provided, however, that sections 361.700 to 361.727 shall not apply to the receipt of money by an incorporated telegraph company at any office or agency of such company for immediate transmission by telegraph nor to any bank, trust company, savings and loan association, credit union, or agency of the United States government. 2.Any person who violates any of the provisions of sections 361.700 to 361.727 or attempts to sell or issue checks without having first obtained a license from the director shall be deemed guilty of a class A misdemeanor. ——– (L. 1984 H.B. 1374 3, 14)
Jurisdiction
Missouri