Section 40-31-102 - Definitions

40-31-102. Definitions. (a) As used in this act: (i) 'Commission' means the Wyoming stable token commission created by W.S. 40-31-103; (ii) 'Board' means the board of the Wyoming stable token commission; (iii) 'Director' means the director of the Wyoming stable token commission; (iv) 'Financial institution' means any entity approved by the commission to act as a manager or otherwise to manage, operate and maintain Wyoming stable tokens; (v) 'Notional value' means face value; (vi) 'Token holder' means a person who lawfully owns any portion of a Wyoming stable token; (vii) 'Treasurer' means the state treasurer; (viii) 'Wyoming stable token' means the virtual currency issued by the commission pursuant to this act; (ix) 'Virtual currency' means as defined in W.S. 34-29-101(a)(iv); (x) 'This act' means W.S. 40-31-101 through 40-31-110.