(b) A security entitlement, as defined in s. 408.102 (1) (q), including a customer security account held by a registered broker-dealer, to the extent the financial assets held in the security account are not any of the following:

1. Registered on the books of the issuer in the name of the person for which the broker-dealer holds the assets.

2. Payable to the order of the person.

3. Specifically endorsed to the person.

(c) An equity interest in a business association that is not a security under par. (a) or a security entitlement under par. (b).

87,42 Section 42. 177.01 (13j) of the statutes is created to read:

177.01 (13j) “Sign” means any of the following done with the intent to authenticate or adopt a record:

(a) To execute or adopt a tangible symbol.

(b) To attach to or logically associate with the record an electronic symbol, sound, or process.

87,43 Section 43. 177.01 (14d) of the statutes is created to read:

177.01 (14d) (a) “Stored-value card” means a record evidencing a promise for consideration by the seller or issuer of the record that merchandise, goods, services, or money will be provided to the owner of the record equal to the value or amount shown in the record, if all of the following apply:

1. The value or amount does not expire.

2. The value or amount may be decreased only by redemption for merchandise, goods, services, or money.

3. The value or amount may be redeemed for or converted into money or otherwise monetized by the issuer.

(b) “Stored-value card” includes the following:

1. A record that contains or consists of a microprocessor chip, magnetic strip, or other means for the storage of information, that is prefunded and the value or amount of which is decreased on each use and increased by payment of additional consideration.

2. A prepaid commercial mobile radio service, as defined in 47 CFR 20.3, as amended.

(c) “Stored-value card” does not include the following:

1. A payroll card.

2. A loyalty card.

3. A gift card.

4. Game-related digital content.

87,44 Section 44. 177.01 (15) of the statutes is amended to read:

177.01 (15) “Utility" means a person who that owns or operates for public use any plant, equipment, real property, franchise, or license for the transmission of communications or; the production, storage, transmission, sale, delivery, or furnishing of electricity, water, steam, or gas; the provision of sewage or septic services; or the disposal or recycling of trash or garbage.

87,45 Section 45. 177.01 (16) of the statutes is created to read:

177.01 (16) “Virtual currency” means a digital representation of value used as a medium of exchange, unit of account, or store of value that does not have legal tender status recognized by the United States. “Virtual currency" does not include:

(a) The software or protocols governing the transfer of the digital representation of value.

(b) Game-related digital content.

(c) A loyalty card.