AB325,16,109 2. The value or amount may be decreased only by redemption for merchandise,
10goods, services, or money.

AB325,16,1211 3. The value or amount may be redeemed for or converted into money or
12otherwise monetized by the issuer.

AB325,16,1313 (b) “Stored-value card” includes the following:

AB325,16,1714 1. A record that contains or consists of a microprocessor chip, magnetic strip,
15or other means for the storage of information, that is prefunded and the value or
16amount of which is decreased on each use and increased by payment of additional
17consideration.

AB325,16,19182. A prepaid commercial mobile radio service, as defined in 47 CFR 20.3, as
19amended.

AB325,16,2020 (c) “Stored-value card” does not include the following:

AB325,16,2121 1. A payroll card.

AB325,16,2222 2. A loyalty card.

AB325,16,2323 3. A gift card.

AB325,16,2424 4. Game-related digital content.

AB325,17,5

1177.01 (15) “Utility" means a person who that owns or operates for public use
2any plant, equipment, real property, franchise , or license for the transmission of
3communications or; the production, storage, transmission, sale, delivery, or
4furnishing of electricity, water, steam, or gas ; the provision of sewage or septic
5services; or the disposal or recycling of trash or garbage.

AB325,17,97 177.01 (16) “Virtual currency” means a digital representation of value used as
8a medium of exchange, unit of account, or store of value that does not have legal
9tender status recognized by the United States. “Virtual currency" does not include:

AB325,17,1110 (a) The software or protocols governing the transfer of the digital
11representation of value.

AB325,17,1212 (b) Game-related digital content.

AB325,17,1313 (c) A loyalty card.

AB325,17,1414 (d) A gift card.

AB325,17,1816 177.01 (17) “Worthless security” means a security for which the cost of
17liquidation and delivery to the administrator exceeds the value of the security on the
18date on which a report is due under this chapter.

AB325,17,21 20177.015 (title) Exemption Inapplicability to foreign transactions and
21other exemptions.

AB325,17,2424 177.015 (2) This chapter does not apply to any of the following:

AB325,18,2

1(a) Property held, due, and owing in a foreign country if the transaction out of
2which the property arose was a foreign transaction.

AB325,18,43 (b) Any payment or credit shown on the books and records of a business
4association owed to another business association in the ordinary course of business.