Iowa Code 533D.2 – Definitions
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Terms Used In Iowa Code 533D.2
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
533D.2 Definitions.
For purposes of this chapter, unless the context otherwise requires:
1. “”Check”” means a check, draft, share draft, or other instrument for the payment of
money.
2. “”Delayed deposit services business”” means a person who for a fee does either of the
following:
a. Accepts a check dated subsequent to the date it was written.
b. Accepts a check dated on the date it was written and holds the check for a period of
time prior to deposit or presentment pursuant to an agreement with, or any representation
made to, the maker of the check, whether express or implied.
3. “”Licensee”” means a person licensed to operate pursuant to this chapter.
4. “”Person”” means an individual, group of individuals, partnership, association,
corporation, or any other business unit or legal entity.
5. “”Superintendent”” means the superintendent of banking.
95 Acts, ch 139, §2
For purposes of this chapter, unless the context otherwise requires:
1. “”Check”” means a check, draft, share draft, or other instrument for the payment of
money.
2. “”Delayed deposit services business”” means a person who for a fee does either of the
following:
a. Accepts a check dated subsequent to the date it was written.
b. Accepts a check dated on the date it was written and holds the check for a period of
time prior to deposit or presentment pursuant to an agreement with, or any representation
made to, the maker of the check, whether express or implied.
3. “”Licensee”” means a person licensed to operate pursuant to this chapter.
4. “”Person”” means an individual, group of individuals, partnership, association,
corporation, or any other business unit or legal entity.
5. “”Superintendent”” means the superintendent of banking.
95 Acts, ch 139, §2