17-49a01. Definitions.
17-49a01
17-49a01. Definitions.
As used in the uniform TOD security registration act:
(a) "Beneficiary form" means a registration of a security which identifies
the present owner of the security and the intention of the owner regarding the
person or persons who will become the owner or owners of the security
upon the death of the owner.
(b) "Person" means an individual, a corporation, a partnership, an
association, trust or an organization.
(c) "Register" including its derivatives, means to issue a
certificate
showing the ownership of a certificated security or, in the case of an
uncertificated security, to initiate or transfer an account showing ownership
of securities.
(d) "Registering entity" means a person who originates or
transfers a
security title by registration, and includes a broker maintaining security
accounts for customers and a transfer agent or other person acting for or as an
issuer of securities.
(e) "Security" means a certificated or uncertificated
security as defined in K.S.A. 84-8-102, and amendments thereto,
or as defined in K.S.A.
17-12a102, and amendments thereto, or a security account.
(f) "Security account" means (1) a reinvestment account
associated with a
security, a securities account with a broker, an agency account with a bank or
trust company, 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, or (2) 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, whether or not credited to the account
before the owner's death.
(g) "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.
History: L. 1994, ch. 44, § 1;
L. 1995, ch. 176, § 1;
L. 1996, ch. 227, § 1;
L. 2004, ch. 154, § 58;
L. 2008, ch. 11, § 1; July 1.