§ 2-16-102 — Definitions

Wyoming § 2-16-102

• Jurisdiction: Wyoming
• Title 02: Wills, Decedents' Estates and Probate Code
• Ch. 16: UNIFORM TOD SECURITY REGISTRATION

Text

(a) As used in this act:
(i) "Beneficiary form" means a registration of a
security which indicates the present owner of the security and
the intention of the owner regarding the person who will become
the owner of the security upon the death of the owner;
(ii) "Devisee" means any person designated in a will
to receive a disposition of real or personal property;
(iii) "Heirs" mean those persons, including the
surviving spouse, who are entitled under the statutes of
intestate succession to the property of a decedent;
(iv) "Person" means an individual, a corporation, an
organization or other legal entity;
(v) "Personal representative" includes executor,
administrator, successor personal representative, special
administrator and persons who perform substantially the same
function under the law governing their status;
(vi) "Property" includes both real and personal
property or any interest therein and means anything that may be
the subject of ownership;
(vii) "Register" including its derivatives, means to
issue a certificate showing the ownership of a certificated
security or, in the case of an uncertificated security, to
initiate or transfer an account showing ownership of securities;
(viii) "Registering entity" means a person who
originates or transfers a security title by registration and
includes a broker maintaining security accounts for customers
and a transfer agent or other person acting for or as an issuer
of securities;
(ix) "Security" means a share, participation or other
interest in property, in a business, or in an obligation of an
enterprise or other issuer, and includes a certificated
security, an uncertificated security and a security account;
(x) "Security account" means:
(A) A reinvestment account associated with a
security, a securities account with a broker, a cash balance in
a brokerage account, cash, cash equivalents, interest, earnings
or dividends earned or declared on a security in an account, a
reinvestment account, or a brokerage account, whether or not
credited to the account before the owner's death;
(B) A cash balance or other property held for or
due to the owner of a security as a replacement for or product
of an account security, whether or not credited to the account
before the owner's death; or
(C) An investment management or custody account
with a trust company or a bank with trust powers, including the
securities in the account, a cash balance in the account, and
cash, cash equivalents, interest, earnings or dividends earned
or declared on a security in the account, whether or not
credited to the account before the owner's death.
(xi) "State" includes any state of the United States,
the District of Columbia, the commonwealth of Puerto Rico, and
any territory or possession subject to the legislative authority
of the United States;
(xii) "This act" means W.S. 2-16-101 through