In this article, unless the context otherwise requires:
- 1. "Authorized delegate" means a person that a licensee designates to engage in money transmission on behalf of the licensee pursuant to article 1 of this chapter.
- 2. "Licensee" means a person that is licensed under article 1 of this chapter.
- 3. "Money transmitter" means a person that meets the definition of a bank, financial agency or financial institution as prescribed by 31 United States Code section 5312 or 31 Code of Federal Regulations section 1010.100.
- 4. "Trade or business" has the same meaning prescribed in section 162 of the internal revenue code and includes the money accumulation business.