§ 34-13-114 — Definitions

Wyoming § 34-13-114

• Jurisdiction: Wyoming
• Title 34: Property, Conveyances and Security Transactions
• Ch. 13: TRANSFERS TO MINORS

Text

(a) As used in this act:
(i) "Adult" means an individual who has attained the
age of twenty-one (21) years;
(ii) "Benefit plan" means an employer's plan for the
benefit of an employee or partner;
(iii) "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;
(iv) "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;
(v) "Court" means the district court;
(vi) "Custodial property" means any interest in
property transferred to a custodian under this act and the
income from and proceeds of that interest in property;
(vii) "Custodian" means a person so designated under
W.S. 34-13-122 or a successor or substitute custodian designated
under W.S. 34-13-131;
(viii) "Financial institution" means a bank, trust
company or a savings institution or credit union chartered and
supervised under state or federal law;
(ix) "Legal representative" means an individual's
personal representative or conservator;
(x) "Member of the minor's family" means the minor's
parent, stepparent, spouse, grandparent, brother, sister, uncle
or aunt, whether of whole or half blood or by adoption;
(xi) "Minor" means:
(A) An individual who has not attained the age
of twenty-one (21) years; or
(B) An individual who has not attained the age
at which the custodian is required to transfer the custodial
property to the beneficiary under W.S. 34-13-133, 34-13-138 or
34-13-139, when used in reference to the beneficiary for whose
benefit custodial property is held or is to be held.
(xii) "Person" means an individual, corporation,
organization or other legal entity;
(xiii) "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;
(xiv) "Transfer" means a transaction that creates
custodial property under W.S. 34-13-122;
(xv) "Transferor" means a person who makes a transfer
under this act;
(xvi) "Trust company" means any legal entity
authorized to exercise general trust powers;
(xvii) "This act" means W.S. 34-13-114 through