"Security account" defined
Sec. 6. As used in this chapter, "security account" means:
(1) a reinvestment account associated with a security, a
securities account with a broker, a cash balance in a brokerage
account, cash, interest, earnings, or dividends earned or
declared on a security in an account, a reinvestment account, or
a brokerage account, whether or not credited to the account
before the owner's death;
(2) an investment management account or custody account with
a corporate fiduciary or with a bank, savings bank, or savings
association with trust powers, including securities in the
account, a cash balance in the account, and cash, cash
equivalents, interest, earnings, or dividends earned or declared
on a security in the account, whether or not credited to the
account before the owner's death; or
(3) a cash balance or other property held for or due to the owner
of a security as a replacement for or product of an account
security, regardless of whether the cash was credited to the
account before the owner's death.
As added by P.L.2-2002, SEC.2. Amended by P.L.141-2005, SEC.28.
Last modified: May 24, 2006