La. Stat. tit. 51 § 3301

Current with changes from the 2024 Legislative Session

Section 51:3301 - Definitions

As used in this Chapter, the following words and phrases have the following meanings:

(1) "Ammunition" means ammunition or cartridge cases, primers, bullets, or propellant powder designed for use in any firearm.

(2) "Assign" or "assignment" refers to a covered entity's policy, process or practice that labels, links, or otherwise associates a merchant category code with a merchant or a payment card transaction in a manner that allows the covered entity or any other entity facilitating or processing the payment card transaction to identify whether a merchant is a firearm retailer or whether a transaction involves the sale of firearms or ammunition.

(3) "Covered entity" means an entity, or agent of an entity, that establishes a relationship with a retailer for the purpose of processing credit, debit, or prepaid transactions.

(4) "Firearm" has the same meaning as in R.S. 40:1781 and includes a firearm component or accessory.

(5) "Firearm retailer" means any person or entity that is physically located in this state and is engaged in the lawful selling or trading of firearms, antique firearms, or ammunition to be used in firearms or antique firearms.

(6) "Government entity" means the state, a political subdivision of the state, or any court, agency, or instrumentality of the foregoing.

(7) "Merchant category code" means the code, approved by the international organization for standardization or an equivalent successor organization specifically for firearm retailers, that is assigned to a retailer based on the types of goods and services offered to a retailer's customers.

(8) "Payment card" means credit card, charge card, debit card, or any other card that is issued to a customer and allows the customer to purchase goods or services from a merchant.

(9) "Payment card network" means an entity, or agent of an entity, that provides the proprietary services, infrastructure, and software to conduct debit card or credit card transaction authorizations, clearances, and settlements and that an entity uses to accept as a form of payment a brand of debit card, credit card, or other device that may be used to carry out debit or credit transactions.

(10) "Payment card transaction" means any transaction in which a payment card is accepted as payment.

La. R.S. § 51:3301

Added by Acts 2024, No. 585,s. 1, eff. 8/1/2024.