Alaska Stat. § 06.55.890
This is the official text of Alaska Stat. § 06.55.890, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Definitions.
Official statutory text
In AS 06.55.820 06.55.840, (1) fees does not include revenue that a money services licensee generates from a money transmission when converting the currency of one government into the currency of another government;
(2) monetary equivalent means, for money transmissions that will be redeemed in a currency other than the currency that the customer uses to purchase the money transmission, the amount of money in the currency of the government that the recipient of the money transmission is to receive, as converted at the retail exchange rate offered by the money transmission licensee to the customer for the money transmission;
(3) money transmission licensee means a person who holds a money services license and a person who is an authorized delegate.
Article 9. General Provisions.
(2) monetary equivalent means, for money transmissions that will be redeemed in a currency other than the currency that the customer uses to purchase the money transmission, the amount of money in the currency of the government that the recipient of the money transmission is to receive, as converted at the retail exchange rate offered by the money transmission licensee to the customer for the money transmission;
(3) money transmission licensee means a person who holds a money services license and a person who is an authorized delegate.
Article 9. General Provisions.
Status: in_force · Read it on the official government site
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