34-13-114. Definitions.

(a) As used in this act:

(i) 'Adult' means an individual who has attained the age of twenty-one (21) years;

(ii) 'Benefit plan' means an employer's plan for the benefit of an employee or partner;

(iii) '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;

(iv) '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;

(v) 'Court' means the district court;

(vi) 'Custodial property' means any interest in property transferred to a custodian under this act and the income from and proceeds of that interest in property;

(vii) 'Custodian' means a person so designated under W.S. 34-13-122 or a successor or substitute custodian designated under W.S. 34-13-131;

(viii) 'Financial institution' means a bank, trust company or a savings institution or credit union chartered and supervised under state or federal law;

(ix) 'Legal representative' means an individual's personal representative or conservator;

(x) 'Member of the minor's family' means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle or aunt, whether of whole or half blood or by adoption;

(xi) 'Minor' means:

(A) An individual who has not attained the age of twenty-one (21) years; or

(B) An individual who has not attained the age at which the custodian is required to transfer the custodial property to the beneficiary under W.S. 34-13-133, 34-13-138 or 34-13-139, when used in reference to the beneficiary for whose benefit custodial property is held or is to be held.

(xii) 'Person' means an individual, corporation, organization or other legal entity;

(xiii) '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;

(xiv) 'Transfer' means a transaction that creates custodial property under W.S. 34-13-122;

(xv) 'Transferor' means a person who makes a transfer under this act;

(xvi) 'Trust company' means any legal entity authorized to exercise general trust powers;

(xvii) 'This act' means W.S. 34-13-114 through 34-13-139.