§ 7-11.1-2 Definitions. – As used in this chapter, the following words and phrases have the followingmeanings unless the context otherwise requires:
(1) "Beneficiary form" means a registration of a securitywhich indicates the present owner of the security and the intention of theowner regarding the person who becomes the owner of the security upon the deathof the owner.
(2) "Devisee" means any person designated in a will toreceive a disposition of real or personal property.
(3) "Heirs" means those persons, including the survivingspouse, who are entitled under the statutes of intestate succession to theproperty of a descendent.
(4) "Person" means an individual, a corporation, anorganization, or other legal entity.
(5) "Personal representative" includes executor,administrator, successor, personal representative, special administrator, andpersons who perform substantially the same function under the law governingtheir status.
(6) "Property" includes both real and personal property orany interest in them and means anything that may be the subject of ownership.
(7) "Register", including its derivatives, means to issue acertificate showing the ownership of a certificated security or, in the case ofuncertificated security, to initiate or transfer an account showing ownershipof securities.
(8) "Registering entity" means a person who originates ortransfers a security title by registration, and includes a broker maintainingsecurity accounts for customers and a transfer agent or other person acting foror as an issuer of securities.
(9) "Security" means a share, participation, or otherinterest in property, in a business, or in an obligation of an enterprise orother issuer, and includes a certificated security, an uncertificated securityand a security account.
(10) "Security account" means
(i) a reinvestment account associated with a security, asecurities account with a broker, a cash balance in a brokerage account, cash,interest, earnings, or dividends earned or declared on security in an account,a reinvestment account, or a brokerage account, whether or not credited to theaccount before the owner's death, or
(ii) a cash balance or other property held for or due to theowner 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.
(11) "State" includes any state of the United States, theDistrict of Columbia, the Commonwealth of Puerto Rico, and any territory orpossession subject to the legislative authority of the United States.
§ 7-11.1-2 Definitions. – As used in this chapter, the following words and phrases have the followingmeanings unless the context otherwise requires:
(1) "Beneficiary form" means a registration of a securitywhich indicates the present owner of the security and the intention of theowner regarding the person who becomes the owner of the security upon the deathof the owner.
(2) "Devisee" means any person designated in a will toreceive a disposition of real or personal property.
(3) "Heirs" means those persons, including the survivingspouse, who are entitled under the statutes of intestate succession to theproperty of a descendent.
(4) "Person" means an individual, a corporation, anorganization, or other legal entity.
(5) "Personal representative" includes executor,administrator, successor, personal representative, special administrator, andpersons who perform substantially the same function under the law governingtheir status.
(6) "Property" includes both real and personal property orany interest in them and means anything that may be the subject of ownership.
(7) "Register", including its derivatives, means to issue acertificate showing the ownership of a certificated security or, in the case ofuncertificated security, to initiate or transfer an account showing ownershipof securities.
(8) "Registering entity" means a person who originates ortransfers a security title by registration, and includes a broker maintainingsecurity accounts for customers and a transfer agent or other person acting foror as an issuer of securities.
(9) "Security" means a share, participation, or otherinterest in property, in a business, or in an obligation of an enterprise orother issuer, and includes a certificated security, an uncertificated securityand a security account.
(10) "Security account" means
(i) a reinvestment account associated with a security, asecurities account with a broker, a cash balance in a brokerage account, cash,interest, earnings, or dividends earned or declared on security in an account,a reinvestment account, or a brokerage account, whether or not credited to theaccount before the owner's death, or
(ii) a cash balance or other property held for or due to theowner 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.
(11) "State" includes any state of the United States, theDistrict of Columbia, the Commonwealth of Puerto Rico, and any territory orpossession subject to the legislative authority of the United States.
§ 7-11.1-2 Definitions. – As used in this chapter, the following words and phrases have the followingmeanings unless the context otherwise requires:
(1) "Beneficiary form" means a registration of a securitywhich indicates the present owner of the security and the intention of theowner regarding the person who becomes the owner of the security upon the deathof the owner.
(2) "Devisee" means any person designated in a will toreceive a disposition of real or personal property.
(3) "Heirs" means those persons, including the survivingspouse, who are entitled under the statutes of intestate succession to theproperty of a descendent.
(4) "Person" means an individual, a corporation, anorganization, or other legal entity.
(5) "Personal representative" includes executor,administrator, successor, personal representative, special administrator, andpersons who perform substantially the same function under the law governingtheir status.
(6) "Property" includes both real and personal property orany interest in them and means anything that may be the subject of ownership.
(7) "Register", including its derivatives, means to issue acertificate showing the ownership of a certificated security or, in the case ofuncertificated security, to initiate or transfer an account showing ownershipof securities.
(8) "Registering entity" means a person who originates ortransfers a security title by registration, and includes a broker maintainingsecurity accounts for customers and a transfer agent or other person acting foror as an issuer of securities.
(9) "Security" means a share, participation, or otherinterest in property, in a business, or in an obligation of an enterprise orother issuer, and includes a certificated security, an uncertificated securityand a security account.
(10) "Security account" means
(i) a reinvestment account associated with a security, asecurities account with a broker, a cash balance in a brokerage account, cash,interest, earnings, or dividends earned or declared on security in an account,a reinvestment account, or a brokerage account, whether or not credited to theaccount before the owner's death, or
(ii) a cash balance or other property held for or due to theowner 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.
(11) "State" includes any state of the United States, theDistrict of Columbia, the Commonwealth of Puerto Rico, and any territory orpossession subject to the legislative authority of the United States.
