40-22-118. Authorized delegate contracts.
(a) A licensee shall designate an authorized delegate by express written contract including the following:
(i) That the licensee appoints the person as its delegate with authority to engage in money transmission on behalf of the licensee;
(ii) That an authorized delegate may not authorize subdelegates without the written consent of the commissioner; and
(iii) That authorized delegates are subject to supervision and regulation by the commissioner.
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