46:38A-2. Definitions
As used in this chapter:
a. "Adult" means an individual who has attained the age of 21 years;
b. "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;
c. "Court" means the Superior Court;
d. "Custodial property" means any interest in property transferred to a custodian under this chapter and the income from and proceeds of that interest in property;
e. "Custodian" means a person so designated under R.S. 46:38A-19 or a successor or substitute custodian designated under R.S. 46:38A-42 through R.S. 46:38A-45;
f. "Financial institution" means a bank, trust company, savings institution, savings and loan association or credit union, chartered and supervised under State or federal law;
g. "Guardian" of a minor means a guardian of his estate or person;
h. "Legal representative" means an individual's personal representative or guardian;
i. "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;
j. "Minor" means an individual who has not attained the age of 21 years;
k. "Person" means an individual, corporation, organization, or other legal entity;
l. "Personal representative" means an executor, administrator, successor personal representative of a decedent's estate or a person legally authorized to perform substantially the same functions but excludes a special administrator;
m. "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;
n. "Transfer" means a transaction that creates custodial property under R.S. 46:38A-19;
o. "Transferor" means a person who makes a transfer under this chapter;
p. "Trust company" means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.
Source: New.
L. 1987, c. 18, s. 1.
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Last modified: October 11, 2016