1. (a) Nothing in this act shall apply to the receipt of money by any incorporated telegraph company at any agency or office of such company for immediate transmission by telegraph, or to the receipt of money for the purpose of transmitting or transferring it to foreign countries.
2. (b) Nothing in this act shall apply to the sale or issuance of checks by governmental departments. No federally insured financial institutions authorized to do business in this state, including banks, savings and loan associations, and credit unions, whether such federally insured financial institutions are organized under the laws of this state or of the United States, shall be subject to this act where such institution is selling or issuing checks drawn only on itself or on another federally insured financial institution.

Laws 1961, HB 942, p. 427, § 4; Amended by Laws 1988, HB 1867, c. 216, § 3, eff. November 1, 1988; Amended by Laws 1990, HB 2105, c. 104, § 1, eff. September 1, 1990.