14-9101. Definitions


In this title, unless the context otherwise requires:


1. "Beneficiary" means an individual for whom property has been transferred to, or
held under a declaration of trust by, a custodial trustee for the individual's use and
benefit under this chapter.


2. "Conservator" means a person who is appointed or qualified by a court to manage
the estate of an individual or who is legally authorized to perform substantially the
same functions.


3. "Court" means the superior court of this State.


4. "Custodial trust property" means an interest in property transferred to or held
under a declaration of trust by a custodial trustee under this chapter and the income
from and proceeds of that interest.


5. "Custodial trustee" means a person who is designated as trustee of a custodial
trust under this chapter or a substitute or successor to the person designated.


6. "Guardian" means a person who is appointed or qualified by a court as a guardian
of an individual, including a limited guardian, but not a person who is only a guardian
ad litem.


7. "Incapacitated" means lacking the ability to manage property and business
affairs effectively by reason of mental illness, mental deficiency, physical illness or
disability, chronic use of drugs, chronic intoxication, confinement, detention by a
foreign power, disappearance, minority or other disabling cause.


8. "Legal representative" means a personal representative or conservator.


9. "Member of the beneficiary's family" means a beneficiary's spouse, descendant,
stepchild, parent, stepparent, grandparent, brother, sister, uncle or aunt, whether of
the whole or half blood or by adoption.


10. "Person" means an individual, corporation, business trust, estate, trust,
partnership, joint venture, association or any other legal or commercial entity.


11. "Personal representative" means an executor, administrator or special
administrator of a decedent's estate, a person legally authorized to perform
substantially the same functions or a successor to any of them.


12. "State" means a state, territory or possession of the United States, the
District of Columbia or the Commonwealth of Puerto Rico.


13. "Transferor" means a person who creates a custodial trust by transfer or
declaration.


14. "Trust company" means a financial institution, corporation or other legal entity
that is authorized to exercise general trust powers.