Idaho State Statutes - Idaho Attorney Directory

(1) Each licensee licensed under the
provisions of this chapter shall at all times have a net worth of not less
than fifty thousand dollars ($50,000), calculated in accordance with generally
accepted accounting principles. Licensees engaging in money transmission at
more than one (1) location or through authorized representatives shall have an
additional net worth of twenty-five thousand dollars ($25,000) per location or
authorized representative located in the state, as applicable, to a maximum of
two hundred fifty thousand dollars ($250,000).
(2) Every corporate applicant, at the time of filing of an application
for a license under the provisions of this chapter and at all times after a
license is issued, shall be in good standing in the state of its
incorporation. All noncorporate applicants shall, at the time of the filing of
an application for a license under the provisions of this chapter and at all
times after a license is issued, have all necessary registrations or
qualifications to do business in this state.

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