NAC360.564. “Electronic transfer of money” defined.

Latest version.

“Electronic transfer of money” means any transfer of money, other than a transaction initiated by a check, draft or other similar paper instrument, that is initiated through an electronic terminal, computer or magnetic tape for the purpose of ordering, instructing or authorizing a financial institution or a person holding an account on behalf of another to debit or credit an account.

(Added to NAC by Tax Comm’n by R062-05, eff. 10-31-2005)

                    
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