Legislation
SECTION 645
Assignment of claims to superintendent
Banking (BNK) CHAPTER 2, ARTICLE 13-B
§ 645. Assignment of claims to superintendent. At the written request
of any claimant or creditor of the licensee whose claim is based on a
transaction, in this state, for the sale or issuance of a check or the
receipt of money for transmission or transmission of the same, under the
provisions of this article, the superintendent may, in his discretion,
take an assignment of such claim in trust for the benefit of the
assigning claimant or creditor and may bring any legal action necessary
to collect such claim. Two or more such claims against the licensee may
be combined in one such action.
of any claimant or creditor of the licensee whose claim is based on a
transaction, in this state, for the sale or issuance of a check or the
receipt of money for transmission or transmission of the same, under the
provisions of this article, the superintendent may, in his discretion,
take an assignment of such claim in trust for the benefit of the
assigning claimant or creditor and may bring any legal action necessary
to collect such claim. Two or more such claims against the licensee may
be combined in one such action.