Missouri Laws 361.700 – Sale of checks law, how cited — definitions
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1. Sections 361.700 to 361.727 shall be known and may be cited as the “Sale of Checks Law”.
2. For the purposes of sections 361.700 to 361.727, the following terms mean:
Terms Used In Missouri Laws 361.700
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
(1) “Check”, any instrument for the transmission or payment of money and shall also include any electronic means of transmitting or paying money;
(2) “Director”, the director of the division of finance;
(3) “Licensee”, any person duly licensed by the director pursuant to sections 361.700 to 361.727;
(4) “Person”, any individual, partnership, association, trust or corporation.