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Section 2063 Of Chapter 4. Agents From California Financial Code >> Division 1.2. >> Chapter 4.
2063
. (a) No agent of a licensee who has actual notice that the
commissioner has suspended or revoked the license of the licensee or
that the commissioner has issued an order taking possession of the
property and business of the licensee shall conduct money
transmission on behalf of the licensee.
(b) If any agent of a licensee, after first having actual notice that the commissioner has suspended or revoked the license of the licensee or that the commissioner has issued an order taking possession of the property and business of the licensee, conducts money transmission on behalf of the licensee, the agent shall be jointly and severally liable with the licensee for payment of the money transmission.
(b) If any agent of a licensee, after first having actual notice that the commissioner has suspended or revoked the license of the licensee or that the commissioner has issued an order taking possession of the property and business of the licensee, conducts money transmission on behalf of the licensee, the agent shall be jointly and severally liable with the licensee for payment of the money transmission.
