In this article, unless the context otherwise requires:
- 1. "Adult" means a person who is at least twenty-one years of age.
- 2. "Benefit plan" means an employer's plan for the benefit of an employee or partner.
- 3. "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.
- 4. "Conservator" means a person appointed or qualified by a court to act as a general, limited or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions.
- 5. "Court" means the superior court.
- 6. "Custodial property" means an interest in property that is transferred to a custodian pursuant to this article and income from and proceeds of that interest in property.
- 7. "Custodian" means a person designated pursuant to section 14-7659 or a successor or substitute custodian designated pursuant to section 14-7668.
- 8. "Financial institution" means a bank, trust company, savings institution or credit union, which is chartered and supervised under state or federal law.
- 9. "Legal representative" means an individual's personal representative or conservator.
- 10. "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.
- 11. "Minor" means a person under the age of twenty-one years.
- 12. "Person" means an individual, corporation, organization or other legal entity.
- 13. "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.
- 14. "State" includes a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico and a territory or possession subject to the legislative authority of the United States.
- 15. "Street name or nominee name" means registration used by a broker or financial institution for holding securities if they are not registered in the name of the beneficial owner.
- 16. "Transfer" means a transaction that creates custodial property pursuant to section 14-7659.
- 17. "Transferor" means a person who makes a transfer pursuant to this article.
- 18. "Trust company" means a financial institution, corporation or other legal entity, which is authorized to exercise general trust powers.