53A.09 POWERS; LIMITATIONS; PROHIBITIONS.
Subdivision 1.
Deposits; escrow accounts. A currency exchange may not accept money or
currency for deposit, or act as bailee or agent for persons, firms, partnerships, associations, or
corporations to hold money or currency in escrow for others for any purpose. However, a currency
exchange may act as agent for the issuer of money orders or travelers' checks.
Subd. 2.
Gambling establishments. A currency exchange located on the premises of a
gambling establishment as defined in section
256.9831, subdivision 1, may not cash a warrant that
bears a restrictive endorsement under section
256.9831, subdivision 3.
History: 1989 c 247 s 9; 1996 c 465 art 3 s 1