In this part:
(a) “Adult” means an individual who has attained the age of 18 years.
(b) “Benefit plan” means an employer’s plan for the benefit of an employee or partner.
(c) “Broker” means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person’s own account or for the account of others.
(d) “Conservator” means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor’s property or a person legally authorized to perform substantially the same functions.
(e) “Court” means the superior court.
(f) “Custodial property” means (1) any interest in property transferred to a custodian under this part and (2) the income from and proceeds of that interest in property.
(g) “Custodian” means a person so designated under Section 3909 or a successor or substitute custodian designated under Section 3918.
(h) “Financial institution” means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law or an industrial loan company licensed and supervised under the laws of this state.
(i) “Legal representative” means an individual’s personal representative or conservator.
(j) “Member of the minor’s family” means the minor’s parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.
(k) “Minor” means:
(1) Except as provided in paragraph (2), an individual who has not attained the age of 18 years.
(2) When used with reference to the beneficiary for whose benefit custodial property is held or is to be held, an individual who has not attained the age at which the custodian is required under Sections 3920 and 3920.5 to transfer the custodial property to the beneficiary.
(l) “Person” means an individual, corporation, organization, or other legal entity.
(m) “Personal representative” means an executor, administrator, successor personal representative, or special administrator of a decedent’s estate or a person legally authorized to perform substantially the same functions.
(n) “State” includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States.
(o) “Transfer” means a transaction that creates custodial property under Section 3909.
(p) “Transferor” means a person who makes a transfer under this part.
(q) “Trust company” means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.
(Enacted by Stats. 1990, Ch. 79.)
Last modified: October 25, 2018