Rhode Island § 6-56-2 § 6-56-2. Definitions.

Rhode Island Statutes

§ 6-56-2 — § 6-56-2. Definitions.

Rhode Island § 6-56-2

Title 6Commercial Law – General Regulatory Provisions

Ch. 6-56Uniform Supplemental Commercial Law for the Uniform Regulation of Virtual-Currency Businesses Act

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Bluebook

R.I. Gen. Laws § 6-56-2 (2026).

Text

§ 6-56-2. Definitions.
(a) As used in this chapter:
         
(1) "Article 8â€� means Article 8 of the Uniform Commercial Code, as amended, in substantially
            the form approved by the American Law Institute and the National Conference of Commissioners
            on Uniform State Laws.
         
(2) "Controlâ€� has the meaning provided in § 19-14.3-1.1(3).
         
(3) "Hague Securities Conventionâ€� means the Convention on the Law Applicable to Certain
            Rights in Respect of Securities Held with an Intermediary, concluded 5 July, 2006.
         
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§ 6-56-2. Definitions.

(a) As used in this chapter:

(1) "Article 8â€� means Article 8 of the Uniform Commercial Code, as amended, in substantially the form approved by the American Law Institute and the National Conference of Commissioners on Uniform State Laws.

(2) "Controlâ€� has the meaning provided in § 19-14.3-1.1(3).

(3) "Hague Securities Conventionâ€� means the Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary, concluded 5 July, 2006.

(4) "Uniform Commercial Code jurisdictionâ€� means a state that has enacted Article 8.

(5) "Uniform Regulation of Virtual-Currency Businesses Actâ€� means chapter 14.3 of title 19 of the Rhode Island general laws.

(6) "Userâ€� means a person for which a licensee has control of virtual currency.

(b) Other definitions applying to this chapter and the sections of the Uniform Regulation of Virtual-Currency Businesses Act in which they appear are as follows:

(1) "Licenseeâ€� as set forth in § 19-14.3-1.1.

(2) "Recordâ€� as set forth in § 19-14.3-1.1.

(3) "Residentâ€� as set forth in § 19-14.3-1.1.

(4) "Signâ€� as set forth in § 19-14.3-1.1.

(5) "Stateâ€� as set forth in § 19-14.3-1.1.

(6) "Virtual currencyâ€� as set forth in § 19-14-1.

(c) Other definitions applying to this chapter and the sections of Article 8 in which they appear are as follows:

(1) "Entitlement holderâ€� as set forth in § 8-102(a).

(2) "Financial assetâ€� as set forth in § 8-102(a).

(3) "Securities intermediaryâ€� as set forth in § 8-102(a).

(4) "Securityâ€� as set forth in § 8-102(a).

(5) "Securities accountâ€� as set forth in § 8-501.

(d) The definition of "agreementâ€� applying to this chapter appears in § 1-201(b)(3) of Article 1 of the Uniform Commercial Code, as amended, in substantially the form approved by the American Law Institute and the National Conference of Commissioners on Uniform State Laws.