§ 300.100 General
§ 300.101 Individual accounts
§ 300.102 Accounts held by executors, administrators, guardians, etc
§ 300.103 Accounts held by a corporation, partnership or unincorporated association
§ 300.104 Trust accounts
§ 300.105 Joint accounts

Terms Used In CFR > Title 17 > Chapter II > Part 300 > Accounts of "Separate" Customers of SIPC Members

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Decedent: A deceased person.
  • Executor: A male person named in a will to carry out the decedent
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
  • Testator: A male person who leaves a will at death.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.