Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
53A.01 DEFINITIONS.
Subdivision 1. Currency exchange. "Currency exchange" means any person, except a
bank, trust company, savings bank, savings association, credit union, or industrial loan and thrift
company, engaged in the business of cashing checks, drafts, money orders, or travelers' checks for
a fee. "Currency exchange" does not include a person who provides these services incidental to
the person's primary business if the charge for cashing a check or draft does not exceed $1 or one
percent of the value of the check or draft, whichever is greater.
Subd. 2. Commissioner. "Commissioner" means the commissioner of commerce.
History: 1989 c 247 s 1; 1995 c 202 art 1 s 25
Subdivision 1. Currency exchange. "Currency exchange" means any person, except a
bank, trust company, savings bank, savings association, credit union, or industrial loan and thrift
company, engaged in the business of cashing checks, drafts, money orders, or travelers' checks for
a fee. "Currency exchange" does not include a person who provides these services incidental to
the person's primary business if the charge for cashing a check or draft does not exceed $1 or one
percent of the value of the check or draft, whichever is greater.
Subd. 2. Commissioner. "Commissioner" means the commissioner of commerce.
History: 1989 c 247 s 1; 1995 c 202 art 1 s 25
Official Publication of the State of Minnesota
Revisor of Statutes