Terms Used In Rhode Island General Laws > Chapter 6-56 - Uniform Supplemental Commercial Law for the Uniform Regulation of Virtual-Currency Businesses Act

• Agreement: means a written contractual agreement between the merchant and the third-party delivery service. See Rhode Island General Laws 6-58-1
• Control: has the meaning provided in Rhode Island General Laws 6-56-2
• Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
• Hague Securities Convention: means the Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary, concluded 5 July, 2006. See Rhode Island General Laws 6-56-2
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
• Statute: A law passed by a legislature.
• Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}
• Uniform Commercial Code jurisdiction: means a state that has enacted Article 8. See Rhode Island General Laws 6-56-2
• Uniform Regulation of Virtual-Currency Businesses Act: means Rhode Island General Laws 6-56-2
• User: means a person for which a licensee has control of virtual currency. See Rhode Island General Laws 6-56-2