§ 28-2901 — Definitions.

District of Columbia § 28-2901

• Jurisdiction: District of Columbia
• Title 28: Commercial Instruments and Transactions. [Enacted title]
• Ch. 29: Fiduciary Security Transfers.

Text

In this chapter, unless the context otherwise requires:

(1) “assignment” includes a written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer;

(2) “claim of beneficial interest” includes a claim of any interest by a decedent’s legatee, distributee, heir or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee, or a minor owner of a security registered in the name of a custodian, or a claim of a similar interest, whether the claim is asserted by the claimant, or by a fiduciary, or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties;

(3) “corporation” means a private or public corporation, association, or trust issuing a security;

(4) “fiduciary” means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian, or nominee;

(5) “person” includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or other legal or commercial entity;

(6) “security” includes a share of stock, bond, debenture, note, or other security issued by a corporation which is registered as to ownership on the books of the corporation;

(7) “transfer” means a change on the books of a corporation in the registered ownership of a security;

(8) “transfer agent” means a person employed or authorized by a corporation to transfer securities issued by the corporation.

Legislative History

Aug. 30, 1964, 78 Stat. 672, Pub. L. 88-509, § 1