North Dakota § 47-24.1-01 Definitions

North Dakota Statutes

§ 47-24.1-01 — Definitions

North Dakota § 47-24.1-01

Title 47Property

Ch. 47-24.1Uniform Transfers to Minors Act

This text of North Dakota § 47-24.1-01 (Definitions) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 47-24.1-01 (2026).

Text

In this chapter:

1."Adult" means an individual who has attained the age of twenty-one years.

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 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 district court.

6."Custodial property" means:

a.Any interest in property transferred to a custodian under this chapter; and

b.The income from and proceeds of that interest in property.

7."Custodian" means a

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In this chapter:
1. "Adult" means an individual who has attained the age of twenty-one years.
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 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 district court.
6. "Custodial property" means:
a. Any interest in property transferred to a custodian under this chapter; and
b. The income from and proceeds of that interest in property.
7. "Custodian" means a person so designated under section 47-24.1-09 or a successor
or substitute custodian designated under section 47-24.1-18.
8. "Financial institution" means a bank, trust company, savings institution, or credit union,
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 an individual who has not attained the age of twenty-one years.
12. "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.
13. "State" includes the Commonwealth of Puerto Rico.
14. "Transfer" means a transaction that creates custodial property under section