Oklahoma § 6-2102 - Definitions

§ 6-2102. Definitions

Unless the context otherwise requires:

1. "Commissioner" means the State Bank Commissioner;

2. "Check" means any check, draft, money order, stored value

instrument or card, or other written instrument for the transmission

or payment of money or credit, except that it does not mean money or

currency of any nation, or instruments commonly known as travelers

checks which require that the same be signed by the person to whom

such instruments are issued at the time of issue and at the time

such instruments are cashed or exchanged for value by such person;

3. "Fiscal year" means the period from July 1 through the next

succeeding June 30;

4. "Issuing" means the act of drawing any instrument of

exchange by a person who engages in the business of drawing such

instruments as a service or for a fee or other consideration;

5. "Licensee" means any person licensed under this act;

6. "Money order" means a bill of exchange issued at the request

and for the use or benefit of a person other than the issuer and

representing an unconditional order or obligation in writing of the

issuer to pay a sum certain in money on demand to order or to

bearer;

7. "Net worth" means excess of assets over liabilities as

determined by accepted accounting practices; and

Oklahoma Statutes - Title 6. Banks and Trust Companies

8. "Person" means any individual, partnership, joint-stock

association, trust, unincorporated association or corporation.

Added by Laws 1961, p. 426, § 2. Amended by Laws 2013, c. 62, § 9,

emerg. eff. April 18, 2013.