§ 2701 — Definitions

Delaware § 2701

• Jurisdiction: Delaware
• Title: 5
• Part: Other Businesses Under Jurisdiction of State Banking Department
• Ch. 27: CASHING OF CHECKS, DRAFTS OR MONEY ORDERS
• Subch.: General Provisions

Text

As used in this chapter, unless otherwise specifically defined, or unless another intention clearly appears, or the context requires a different meaning:

(1) “Commissioner” means the State Bank Commissioner.

(2) “Licensed casher of checks” means any individual, partnership, unincorporated association or corporation duly licensed by the State Bank Commissioner to engage in business pursuant to this chapter.

(3) “Licensee” means a licensed casher of checks, drafts or money orders.

(4) “Limited station” means that the licensee is authorized to carry on the licensee’s business of cashing checks for the employees of a single and particular business or office, and at a single location at or near such particular business or office site.

(5) “Mobile unit” means any vehicle or other movable means from which the business of cashing checks, drafts or money orders is to be conducted.

Legislative History

Code 1935, § 2408A; 46 Del. Laws, c. 287, § 1 ; 5 Del. C. 1953, § 2701; 70 Del. Laws, c. 186, § 1