Legislation
SECTION 427
Preemption
General Business (GBS) CHAPTER 20, ARTICLE 27-A
§ 427. Preemption. 1. The provisions of this article shall exclusively
govern all coin processors notwithstanding the provisions of any other
law to the contrary and further, no local law shall be enacted which
shall require any fee or license for the licensure or registration of
coin processors.
2. The provisions of this article shall not apply to any subsidiary of
an entity organized and operating pursuant to the Bank Holding Company
Act of 1956 (12 USCA 1841 et seq.).
govern all coin processors notwithstanding the provisions of any other
law to the contrary and further, no local law shall be enacted which
shall require any fee or license for the licensure or registration of
coin processors.
2. The provisions of this article shall not apply to any subsidiary of
an entity organized and operating pursuant to the Bank Holding Company
Act of 1956 (12 USCA 1841 et seq.).