Hawaii Revised Statutes 553A-1 – Definitions
Terms Used In Hawaii Revised Statutes 553A-1
- 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. See Hawaii Revised Statutes 553A-1
- 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.
- Court: means the circuit court of the State. See Hawaii Revised Statutes 553A-1
- Custodial property: means (1) any interest in property transferred to a custodian under this chapter and (2) the income from and proceeds of that interest in property. See Hawaii Revised Statutes 553A-1
- Custodian: means a person so designated under section 553A-9 or a successor or substitute custodian designated under section 553A-18. See Hawaii Revised Statutes 553A-1
- Decedent: A deceased person.
- Executor: A male person named in a will to carry out the decedent
- Financial institution: means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law. See Hawaii Revised Statutes 553A-1
- 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.
- Minor: means an individual who has not attained the age of twenty-one years. See Hawaii Revised Statutes 553A-1
- Person: means an individual, corporation, organization, or other legal entity. See Hawaii Revised Statutes 553A-1
- 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. See Hawaii Revised Statutes 553A-1
- 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. See Hawaii Revised Statutes 553A-1
- Transfer: means a transaction that creates custodial property under section 553A-9. See Hawaii Revised Statutes 553A-1
- Trust company: means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers. See Hawaii Revised Statutes 553A-1
As used in this chapter, unless the context otherwise requires:
“Adult” means an individual who has attained the age of twenty-one years.
“Benefit plan” means an employer’s plan for the benefit of an employee or partner.
“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.
“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.
“Court” means the circuit court of the State.
“Custodial property” means (1) any interest in property transferred to a custodian under this chapter and (2) the income from and proceeds of that interest in property.
“Custodian” means a person so designated under section custodial property and effecting transfer; designation of initial custodian; control” class=”unlinked-ref” datatype=”S” sessionyear=”2019″ statecd=”HI”>553A-9 or a successor or substitute custodian designated under section 553A-18.
“Financial institution” means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law.
“Legal representative” means an individual’s personal representative or conservator.
“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.
“Minor” means an individual who has not attained the age of twenty-one years.
“Person” means an individual, corporation, organization, or other legal entity.
“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.
“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.
“Transfer” means a transaction that creates custodial property under section 553A-9.
“Transferor” means a person who makes a transfer under this chapter.
“Trust company” means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.