Alabama § 5-29-2 - Definitions.
Full text of Alabama Code of Alabama § 5-29-2 — Definitions., with citation guidance and answers to common questions.
§ 5-29-2. Definitions.
For the purposes of this chapter, the following terms have the following meanings:
(1) AMMUNITION. Any cartridge, shell, or projectile, or a component thereof, designed for use in a firearm.
(2) ASSIGN or ASSIGNMENT. A financial institution’s policy, process, or practice that labels, links, or otherwise associates a firearms code with a merchant or a payment card transaction in a manner that allows the financial institution or any other entity facilitating or processing the payment card transaction to identify whether a merchant is a firearm retailer or whether a transaction involves the sale of a firearm or ammunition.
(3) CUSTOMER. Any person or entity engaged in a payment card transaction facilitated or processed by a financial institution.
(4) FINANCIAL INSTITUTION. A person or entity other than a merchant involved in facilitating or processing a payment card transaction, including any bank, credit union as defined in Section 5-17-1, acquirer, or payment card issuer.
(5) FIREARM. As defined in Section 13A-11-59. The term also includes any component or accessory of a firearm.
(6) FIREARM RETAILER. Any person or entity that is physically located in this state and is engaged in the lawful selling or trading of firearms, antique firearms, or ammunition.
(7) FIREARMS CODE. A merchant category code approved by the international organization for standardization or an equivalent successor organization and specifically assigned to a firearm retailer.
(8) GOVERNMENTAL ENTITY. The state, or any political subdivision thereof, or any agency or instrumentality of the state.
(9) PAYMENT CARD. A credit card, charge card, debit card, or any other card that is issued to an authorized card user and allows the user to purchase goods or services from a merchant.
(10) PAYMENT CARD NETWORK. An entity that provides proprietary services, infrastructure, and software to conduct payment card transaction authorizations, clearances, and settlements, and software that an entity uses in order to accept as a form of payment a brand of payment card or other device that may be used to carry out payment card transactions. The term does not include any financial institution.
(11) PAYMENT CARD TRANSACTION. Any transaction in which a payment card is accepted as payment.
Frequently Asked Questions About Alabama § 5-29-2
What does Code of Alabama § 5-29-2 cover?
Section 5-29-2 ("Definitions.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 5-29-2?
A common citation format is "Code of Alabama § 5-29-2" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 5-29-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.