Arizona Laws 6-1241. Definitions
Current as of: 2023 | Check for updates
|
Other versions
In this article, unless the context otherwise requires:
Terms Used In Arizona Laws 6-1241
- Bank: means a corporation that holds a banking permit issued pursuant to chapter 2 of this title. See Arizona Laws 6-101
- Financial institution: means banks, trust companies, savings and loan associations, credit unions, consumer lenders, international banking facilities and financial institution holding companies under the jurisdiction of the department. See Arizona Laws 6-101
- Licensee: means a person that is licensed under article 1 of this chapter. See Arizona Laws 6-1241
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
1. "Authorized delegate" means a person that a licensee designates to engage in money transmission on behalf of the licensee pursuant to article 1 of this chapter.
2. "Licensee" means a person that is licensed under article 1 of this chapter.
3. "Money transmitter" means a person that meets the definition of a bank, financial agency or financial institution as prescribed by 31 United States Code § 5312 or 31 C.F.R. § 1010.100.
4. "Trade or business" has the same meaning prescribed in section 162 of the internal revenue code and includes the money accumulation business.