Sec. 36a-597. (Formerly Sec. 36-532). License required. Penalty.
Sec. 36a-597. (Formerly Sec. 36-532). License required. Penalty. (a) No person
shall engage in the business of issuing Connecticut payment instruments, or engage in
the business of money transmission, without first obtaining a license from the commissioner as provided in section 36a-600. No person shall engage in such business or in
the business of selling Connecticut payment instruments as an agent or subagent, except
as an agent or subagent of a licensee or an entity or a person exempt under section 36a-609 and in accordance with section 36a-607.
(b) Any person who knowingly engages in the business of issuing Connecticut payment instruments, or who knowingly engages in the business of money transmission,
without obtaining a license, as provided in section 36a-600, shall be guilty of a class D
felony. Each transaction in violation of the provisions of this subsection shall constitute
a separate offense.
(P.A. 81-264, S. 3; P.A. 01-56, S. 4; P.A. 03-61, S. 3; P.A. 04-61, S. 1.)
History: Sec. 36-532 transferred to Sec. 36a-597 in 1995; P.A. 01-56 changed "Connecticut instruments" to "Connecticut
payment instruments" and reworded language re money transmission; P.A. 03-61 substituted "or an entity or a person
exempt under section 36a-609 and in accordance with" for "as provided in"; P.A. 04-61 designated existing provisions as
Subsec. (a) and added new Subsec. (b) re criminal penalty for knowingly engaging in business of issuing Connecticut
payment instruments or money transmission without a license.