The following words and terms when used in this Division C shall have the following meanings unless the context clearly indicates otherwise
COMMISSIONER. The Minnesota Commissioner of Commerce.
CURRENCY EXCHANGE BUSINESS. Any
, except a bank, trust company, savings bank, savings and loan 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. A
who provides these services incidental to the
primary business is not included in the definition if the charge for cashing a check or draft does not exceed $1 or 1% of the value of the check or draft, whichever is greater.
ISSUING AUTHORITY. The City of Bloomington License Section.
PERSON. One or more natural persons; a partnership, including a limited partnership; a corporation, including a foreign, domestic or nonprofit corporation; a trust; a political subdivision of the state; or any other business organization.
(1958 Code, § 140.11) (Ord. 154, passed 11-18-1958; Ord. 74-108, passed 11-18-1974; recodified by Ord. 95-13, passed 8-7-1995)