§ 75A-7-102 — Definitions for chapter.

As used in this chapter:
(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:
(2)(a) 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 any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person in his behalf; and
(2)(b) 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) "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.
(6) "Transfer" means a change on the books of a corporation in the registered ownership of a security.
(7) "Transfer agent" means a person employed or authorized by a corporation to transfer securities issued by the corporation.

Legislative History

Amended by Chapter 310, 2025 General Session