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SB756,29 22Section 29. 177.01 (11g) of the statutes is created to read:
SB756,11,223 177.01 (11g) “Mineral proceeds” means an amount payable for extraction,
24production, or sale of minerals, or, on the abandonment of the amount, an amount

1that becomes payable after abandonment. “Mineral proceeds" includes an amount
2payable:
SB756,11,43 (a) For the acquisition and retention of a mineral lease, including a bonus,
4royalty, compensatory royalty, shut-in royalty, minimum royalty, or delay rental.
SB756,11,65 (b) For the extraction, production, or sale of minerals, including a net revenue
6interest, royalty, overriding royalty, extraction payment, and production payment.
SB756,11,87 (c) Under an agreement or option, including a joint-operating agreement, unit
8agreement, pooling agreement, and farm-out agreement.
SB756,30 9Section 30. 177.01 (11j) of the statutes is created to read:
SB756,11,1210 177.01 (11j) “Money order” means a payment order for a specified amount of
11money. “Money order" includes an express money order and a personal money order
12on which the remitter is the purchaser.
SB756,31 13Section 31. 177.01 (11m) of the statutes is created to read:
SB756,11,1514 177.01 (11m) “Municipal bond” means a bond or evidence of indebtedness
15issued by a municipality or other political subdivision of a state.
SB756,32 16Section 32. 177.01 (12) of the statutes is renumbered 177.01 (12) (intro.) and
17amended to read:
SB756,11,2018 177.01 (12) (intro.) “Owner" means a person having a legal, beneficial, or
19equitable interest in property subject to this chapter or the person's legal
20representative acting on the person's behalf. “Owner” includes the following:
SB756,11,21 21(a) A depositor in the case of , for a deposit, a .
SB756,11,22 22(b) A beneficiary in the case of , for a trust other than a deposit in trust, a .
SB756,11,25 23(c) A creditor, claimant, or payee in the case of, for other intangible property,
24or a person having a legal or equitable interest in property subject to this chapter or
25his or her legal representative
.
SB756,33
1Section 33. 177.01 (12) (d) of the statutes is created to read:
SB756,12,32 177.01 (12) (d) The lawful bearer of a record that may be used to obtain money,
3a reward, or a thing of value.
SB756,34 4Section 34. 177.01 (12d) of the statutes is created to read:
SB756,12,65 177.01 (12d) “Payroll card” means a record that evidences a payroll-card
6account as defined in Regulation E, 12 C.F.R. Part 1005, as amended.
SB756,35 7Section 35. 177.01 (13) of the statutes is amended to read:
SB756,12,118 177.01 (13) “Person" means an individual, business association, state or other
9government, governmental subdivision, instrumentality, or agency, public
10corporation, public authority, estate, trust, 2 or more persons having a joint or
11common interest,
or any other legal or commercial entity.
SB756,36 12Section 36. 177.01 (13b) of the statutes is created to read:
SB756,12,1613 177.01 (13b) (a) “Property” means tangible property described in s. 177.0205
14or a fixed and certain interest in intangible property held, issued, or owed in the
15course of a holder's business or by a government, governmental subdivision, agency,
16or instrumentality.
SB756,12,1717 (b) “Property” includes all of the following:
SB756,12,1818 1. All income from or increments to the property.
SB756,12,1919 2. Property referred to as or evidenced by:
SB756,12,2020 a. Money, virtual currency, or interest.
SB756,12,2121 b. A dividend, check, draft, deposit, or payroll card.
SB756,12,2422 c. A credit balance, customer overpayment, security deposit, refund, credit
23memorandum, unpaid wage, unused ticket for which the issuer has an obligation to
24provide a refund, mineral proceeds, or unidentified remittance.
SB756,13,4
1d. A security, except for a worthless security or a security that is subject to a
2lien, legal hold, or restriction evidenced on the records of the holder or imposed by
3operation of law, if the lien, legal hold, or restriction restricts the holder's or owner's
4ability to receive, transfer, sell, or otherwise negotiate the security.
SB756,13,55 e. A bond, debenture, note, or other evidence of indebtedness.
SB756,13,66 f. Money deposited to redeem a security, make a distribution, or pay a dividend.
SB756,13,77 g. An amount due and payable under an annuity contract or insurance policy.
SB756,13,118 h. An amount distributable from a trust or custodial fund established under a
9plan to provide health, welfare, pension, vacation, severance, retirement, death,
10stock purchase, profit-sharing, employee-savings, supplemental-unemployment
11insurance, or a similar benefit.
SB756,13,1212 (c) “Property” does not include the following:
SB756,13,14131. Property held in a plan described in section 529A of the Internal Revenue
14Code.
SB756,13,1515 2. Game-related digital content.
SB756,13,1616 3. A loyalty card.
SB756,13,1717 4. An in-store credit for returned merchandise.
SB756,13,1818 5. A gift card.
SB756,13,1919 6. A stored-value card.
SB756,13,2020 7. Property described under s. 177.015 (2).
SB756,37 21Section 37. 177.01 (13d) of the statutes is created to read:
SB756,13,2522 177.01 (13d) “Putative holder” means a person believed by the administrator
23to be a holder, until the person pays or delivers to the administrator property subject
24to this chapter or the administrator or a court makes a final determination that the
25person is or is not a holder.
SB756,38
1Section 38. 177.01 (13f) of the statutes is created to read:
SB756,14,42 177.01 (13f) “Record” means information that is inscribed on a tangible
3medium or that is stored in an electronic or other medium and is retrievable in
4perceivable form.
SB756,39 5Section 39. 177.01 (13h) of the statutes is created to read:
SB756,14,66 177.01 (13h) “Security” means all of the following:
SB756,14,77 (a) A security, as defined in s. 408.102 (1) (o).
SB756,14,108 (b) A security entitlement, as defined in s. 408.102 (1) (q), including a customer
9security account held by a registered broker-dealer, to the extent the financial assets
10held in the security account are not any of the following:
SB756,14,1211 1. Registered on the books of the issuer in the name of the person for which the
12broker-dealer holds the assets.
SB756,14,1313 2. Payable to the order of the person.
SB756,14,1414 3. Specifically endorsed to the person.
SB756,14,1615 (c) An equity interest in a business association that is not a security under par.
16(a) or a security entitlement under par. (b).
SB756,40 17Section 40. 177.01 (13j) of the statutes is created to read:
SB756,14,1918 177.01 (13j) “Sign” means any of the following done with the intent to
19authenticate or adopt a record:
SB756,14,2020 (a) To execute or adopt a tangible symbol.
SB756,14,2221 (b) To attach to or logically associate with the record an electronic symbol,
22sound, or process.
SB756,41 23Section 41. 177.01 (14d) of the statutes is created to read:
SB756,15,224 177.01 (14d) (a) “Stored-value card” means a record evidencing a promise for
25consideration by the seller or issuer of the record that merchandise, goods, services,

1or money will be provided to the owner of the record equal to the value or amount
2shown in the record, if all of the following apply:
SB756,15,33 1. The value or amount does not expire.
SB756,15,54 2. The value or amount may be decreased only by redemption for merchandise,
5goods, services, or money.
SB756,15,76 3. The value or amount may not be redeemed for or converted into money or
7otherwise monetized by the issuer.
SB756,15,88 (b) “Stored-value card” includes the following:
SB756,15,129 1. A record that contains or consists of a microprocessor chip, magnetic strip,
10or other means for the storage of information, that is prefunded and the value or
11amount of which is decreased on each use and increased by payment of additional
12consideration.
SB756,15,14132. A prepaid commercial mobile radio service, as defined in 47 C.F.R. 20.3, as
14amended.
SB756,15,1515 (c) “Stored-value card” does not include the following:
SB756,15,1616 1. A payroll card.
SB756,15,1717 2. A loyalty card.
SB756,15,1818 3. A gift card.
SB756,15,1919 4. Game-related digital content.
SB756,42 20Section 42. 177.01 (15) of the statutes is amended to read:
SB756,15,2521 177.01 (15) “Utility" means a person who that owns or operates for public use
22any plant, equipment, real property, franchise , or license for the transmission of
23communications or; the production, storage, transmission, sale, delivery, or
24furnishing of electricity, water, steam, or gas ; the provision of sewage or septic
25services; or the disposal or recycling of trash or garbage
.
SB756,43
1Section 43. 177.01 (16) of the statutes is created to read:
SB756,16,42 177.01 (16) “Virtual currency” means a digital representation of value used as
3a medium of exchange, unit of account, or store of value that does not have legal
4tender status recognized by the United States. “Virtual currency" does not include:
SB756,16,65 (a) The software or protocols governing the transfer of the digital
6representation of value.
SB756,16,77 (b) Game-related digital content.
SB756,16,88 (c) A loyalty card.
SB756,16,99 (d) A gift card.
SB756,44 10Section 44. 177.01 (17) of the statutes is created to read:
SB756,16,1311 177.01 (17) “Worthless security” means a security for which the cost of
12liquidation and delivery to the administrator exceeds the value of the security on the
13date on which a report is due under this chapter.
SB756,45 14Section 45. 177.015 (title) of the statutes is amended to read:
SB756,16,16 15177.015 (title) Exemption Inapplicability to foreign transactions and
16other exemptions
.
SB756,46 17Section 46. 177.015 of the statutes is renumbered 177.015 (1).
SB756,47 18Section 47. 177.015 (2) of the statutes is created to read:
SB756,16,1919 177.015 (2) This chapter does not apply to any of the following:
SB756,16,2120 (a) Property held, due, and owing in a foreign country if the transaction out of
21which the property arose was a foreign transaction.
SB756,16,2322 (b) Any payment or credit shown on the books and records of a business
23association owed to another business association in the ordinary course of business.
SB756,16,2424 (c) Property described in s. 20.912 (1).
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