2006 Louisiana Laws - RS 6:1032 — Definitions

§1032.  Definitions

For the purposes of this Chapter:

(1)  "Check" means any check, draft, money order, personal money order, or other instrument for the transmission or payment of money.

(2)  "Commissioner" means the commissioner of financial institutions.

(3)  "Deliver" means to deliver a check to the first person who, in payment for same, makes or purports to make a remittance of or against the face amount thereof, whether or not the deliverer also charges a fee in addition to the face amount, and whether or not the deliverer signs the check.

(4)  "Licensee" means a person duly licensed by the commissioner of financial institutions pursuant to this Chapter.

(5)  "Money transmission" means to engage in the business of selling or issuing payment instruments, selling or issuing stored value, or receiving money or monetary value for transmission, including electronic transmission, to a location within or outside of the United States.

(6)  "Person" means any individual, partnership, association, joint stock association, trust, or corporation, but does not include the United States government or the government of this state.

(7)  "Personal money order" means any instrument for the transmission or payment of money in relation to which the purchaser or remitter appoints or purports to appoint the seller thereof as his agent for the receipt, transmission, or handling of money, whether such instrument is signed by the seller or by the purchaser or remitter or some other person.

(8)  "Sell" means to sell, to issue, or to deliver a check.

Acts 1966, No. 476, §2.  Amended by Acts 1972, No. 324, §1; Acts 1974, No. 117, §1; Acts 1991, No. 812, §1, eff. July 22, 1991; Acts 2001, No. 586, §1, eff. June 22, 2001.