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2022 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-1241 - Definitions
Universal Citation: AZ Rev Stat § 6-1241 (2022)
6-1241. Definitions
In this article, unless the context otherwise requires:
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 section 5312 or 31 Code of Federal Regulations section 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.
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