A bank may accept money for transmission and may transmit money. A bank may buy and sell foreign exchange to the extent necessary to meet the needs of customers.
History: 1953 Comp., § 48-22-9, enacted by Laws 1963, ch. 305, § 9.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 308.
Licensing and regulation of business of transmitting funds to foreign countries, 94 A.L.R.2d 496.
9 C.J.S. Banks and Banking §§ 445 et seq., 486.