California Penal Code

§ 500

PEN § 500 Effective Apr 4, 2011Title 13 · Part 1 · Ch. 5

Statute text

(a)Any person who receives money for the actual or purported purpose of transmitting the same or its equivalent to foreign countries as specified in Section 1800.5 of the Financial Code who fails to do at least one of the following acts unless otherwise instructed by the customer is guilty of a misdemeanor or felony as set forth in subdivision (b):

(1)Forward the money as represented to the customer within 10 days of receipt of the funds.

(2)Give instructions within 10 days of receipt of the customer’s funds, committing equivalent funds to the person designated by the customer.

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Legislative history

Amended by Stats. 2011, Ch. 15, Sec. 377. (AB 109) Effective April 4, 2011. Operative October 1, 2011, by Sec. 636 of Ch. 15, as amended by Stats. 2011, Ch. 39, Sec. 68.