Mass. Gen. Laws ch. 267A, § 1 - Definitions

Cite as:Mass. Gen. Laws ch. 267A, § 1
Currency:Current through Chapter 7 of the 2020 Legislative Session
 
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As used in this chapter, the following words shall have the following meanings unless the context clearly requires otherwise:

"Criminal activity", activity which constitutes a criminal offense punishable under the laws of the commonwealth by imprisonment in a state prison or a criminal offense committed in another jurisdiction punishable under the laws of that jurisdiction as a felony.

"Financial institution", (1) a bank as defined in section 1 of chapter 167; (2) a national banking association, bank, savings and loan association, savings bank, cooperative bank, building and loan or credit union organized under the laws of the United States; (3) a banking association, bank, savings and loan association, savings bank, cooperative bank, building and loan or credit union organized under the laws of any state; (4) an agency, agent or branch of a foreign bank; (5) a currency dealer or exchange; (6) a person or business engaged primarily in the cashing of ...

"Monetary instrument", the currency and coin of the United States or any foreign country; any bank check, money order, stock, investment security, or negotiable instrument in bearer form or otherwise in such form that title passes upon delivery; gold, silver or platinum bullion or coins; diamonds, emeralds, rubies or sapphires; any negotiable instrument including, bank checks, cashier's checks, traveler's checks or monetary orders made payable to the order of a named party that have not been endorsed or which bear restrictive endorsements; poker chips, vouchers or other tokens exchangeable for cash by gaming entities; and credit cards, debit cards, gift cards, gift certificates or scrips.

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