§ 16-131-203 — Definitions

Arkansas § 16-131-203

• Jurisdiction: Arkansas
• Title: 16

Text

As used in this subchapter: (1) "Annuity" means a fixed and periodic amount of moneys payable throughout the life of a person or for a temporary period; (2) "Claim" means a civil cause of action and includes a claim made by or on behalf of a minor; (3) "Conservator" means a person appointed or qualified by a court to manage the estate of an individual; (4) "Guardian" means an individual who has legal custody of a minor or the state if the minor is in state custody; (5) "Guardian ad litem" means an individual appointed by a court in which a particular proceeding is pending to represent a minor in that proceeding; (6) "Minor" means an individual under eighteen (18) years of age; (7) "Settlement" means an arrangement for payment of damages for personal injuries or sickness established by a settlement agreement or judgment in resolution of a claim; and (8) "Settlement agreement" means an agreement, judgment, stipulation, or release embodying the terms of a settlement.

Legislative History

Added by Act 2023, No. 468,§ 1, eff. 8/1/2023.