Effective January 1, 2012:
(1) a license for a money transmission issued or renewed under this chapter shall expire on December 31 of each year unless it is terminated by surrender, abandonment, a change of employment, or order of the commissioner; and
(2) a license for a currency exchange issued or renewed under this chapter shall expire on December 31 every 2 years unless it is terminated by surrender, abandonment, a change of employment, or order of the commissioner.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 55 - Uniform Money Services Act
Article 10 - Miscellaneous Provisions
§ 23-55-1001. Uniformity of application and construction
§ 23-55-1002. Severability clause
§ 23-55-1006. License terms