Idaho Statutes Title 67. State Government and State Affairs § 67-9902. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

For the purposes of this chapter, the following terms have the following definitions:

(1) “Debt” means any public or private obligation, tax or other public charge, or other provision in any contract, agreement, law, or regulation that requires and stipulates the payment of, or by the terms of which is payable in, some medium of exchange, currency, or money.

(2) “Entity” means the state of Idaho, corporations, partnerships, trusts, labor unions, and unincorporated associations that reside or transact business or other operations within the state of Idaho.

(3) “Gold and silver coin” means all such gold and silver coin as are allowable for a state:

(a) To “make ․․․ a tender in payment of debts” under the authority reserved to the several states in clause 1, section 10, article I of, and the tenth amendment to, the constitution of the United States; or

(b) To employ as its own medium of exchange in the performance of its sovereign governmental functions.

(4) “Legal tender” means a medium of exchange, currency, or money that may be offered and accepted for the satisfaction of debts under the laws of the state of Idaho or of the United States, as the case may be.

(5) “Person” means all natural persons.

(6) “Specie” means:

(a) Stamped or imprinted coin having gold or silver content; or

(b) Refined gold or silver bullion that is coined, stamped, or imprinted with its weight and purity and valued primarily based on its metal content and not its form.

(7) “State” means the state of Idaho and all departments, agencies, officials, and employees thereof.

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Cite this article: FindLaw.com - Idaho Statutes Title 67. State Government and State Affairs § 67-9902. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/id/title-67-state-government-and-state-affairs/id-st-sect-67-9902/

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