North Carolina § 53-277 - Exemptions.
Full text of North Carolina North Carolina General Statutes § 53-277 — Exemptions., with citation guidance and answers to common questions.
§ 53-277. Exemptions.
This Article does not apply to any of the following: A bank, savings institution, credit union, or farm credit system organized under the laws of the United States or any state. Any person or entity principally engaged in the bona fide retail sale of goods or services that, either as an incident to or independently of a retail sale or service and not holding itself out to be a check-cashing service, from time to time cashes checks, drafts, or money orders for a fee or other consideration and charges no more than two dollars ($2.00) for the service. A person licensed under Article 16B of this Chapter (Money Transmitters Act) is exempt from G.S. 53-276, 53-278, 53-279, and 53-284, but is deemed a licensee for purposes of the remaining provisions of this Article. This exemption does not apply to an authorized delegate of a person licensed under Article 16B of this Chapter. History (1997-391, s. 1; 2001-443, s. 4; 2021-93, s. 12.) Effect of Amendments. - Session Laws 2021-93, s. 12, effective July 22, 2021, rewrote the section.
Frequently Asked Questions About North Carolina § 53-277
What does North Carolina General Statutes § 53-277 cover?
Section 53-277 ("Exemptions.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 53-277?
A common citation format is "North Carolina General Statutes § 53-277" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 53-277 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.