1.1Senator Holmstrom moved to amend
S.F. No. 3868 as follows (...):
1.2Page 1, after line 5, insert:
1.3 "Section 1. Minnesota Statutes 2024, section 53B.52, is amended to read:
1.453B.52 UNAUTHORIZED ACTIVITIES.
1.5 Subdivision 1. Licensure required. A person is prohibited from engaging in the business
1.6of money transmission on behalf of a person not licensed under this chapter or not
exempt
1.7under sections
53B.29 and
53B.30. A person that engages in the business of money
1.8transmission on behalf of a person that is not licensed under this chapter or not
exempt
1.9under sections
53B.29 and
53B.30 provides money transmission to the same extent as if
1.10the person were a licensee, and is jointly and severally liable with the unlicensed
or
1.11nonexempt person.
1.12 Subd. 2. Airport transfers. (a) A person is prohibited from bringing, sending, or
1.13receiving money totaling more than $10,000 at one time into or out of the country
through
1.14an airport located within the state.
1.15(b) A person who violates this prohibition may have their money seized and may be
1.16subject to civil and criminal penalties."
1.17Renumber the sections in sequence and correct the internal references
1.18Amend the title accordingly
1.19The motion prevailed. #did not prevail. So the amendment was #not adopted.