§ 30-2-5-1 — Definitions

Indiana § 30-2-5-1

• Jurisdiction: Indiana
• Art. 2: GENERAL PROVISIONS
• Ch. 5: Uniform Act for the Simplification of Fiduciary Security

Text

In this chapter and IC 30-2-6, unless the context
otherwise requires:
(1) "Assignment" includes any 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 protected person, a beneficial owner of a security
registered in the name of a nominee, or an owner under eighteen
(18) years of age, of a security registered in the name of a
custodian, or a claim of any similar interest, whether the claim is
asserted by the claimant or by a fiduciary or by any other
authorized person on the claimant's 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 (2) or more persons having a joint
or common interest, or any other legal or commercial entity.
(6) "Security" includes any 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.
Formerly: Acts 1961, c.124, s.1; Acts 1973, P.L.293, SEC.1. As
amended by P.L.33-1989, SEC.91.