[§553A-1]  Definitions.  As used in this
chapter, unless the context otherwise requires:



"Adult" means an individual who has
attained the age of twenty-one years.



"Benefit plan" means an employer's
plan for the benefit of an employee or partner.



"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.



"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.



"Court" means the circuit court of
the State.



"Custodial property" means (1) any
interest in property transferred to a custodian under this chapter and (2) the
income from and proceeds of that interest in property.



"Custodian" means a person so
designated under section 553A-9 or a successor or substitute custodian
designated under section 553A-18.



"Financial institution" means a bank,
trust company, savings institution, or credit union, chartered and supervised
under state or federal law.



"Legal representative" means an
individual's personal representative or conservator.



"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.



"Minor" means an individual who has
not attained the age of twenty-one years.



"Person" means an individual,
corporation, organization, or other legal entity.



"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.



"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.



"Transfer" means a transaction that
creates custodial property under section 553A-9.



"Transferor" means a person who makes
a transfer under this chapter.



"Trust company" means a financial
institution, corporation, or other legal entity, authorized to exercise general
trust powers. [L 1985, c 91, pt of §1]