Nevada Revised Statutes 167.020 – Definitions
In this chapter, unless the context otherwise requires:
Terms Used In Nevada Revised Statutes 167.020
- Conservator: means a person appointed or qualified by a court to act as general, limited or temporary guardian of a minor"s property or any other person legally authorized to perform substantially the same functions. See Nevada Revised Statutes 167.020
- 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 district court. See Nevada Revised Statutes 167.020
- Custodial property: means :
(a) Any interest in property transferred to a custodian in a manner prescribed in this chapter; and
(b) The income from and the proceeds of that interest in property. See Nevada Revised Statutes 167.020
- Custodian: means a person so designated in a manner prescribed in this chapter. See Nevada Revised Statutes 167.020
- 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 federal law or the laws of a state. See Nevada Revised Statutes 167.020
- 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 a person who has not attained the age of 18 years. See Nevada Revised Statutes 167.020
- Person: means any natural person, corporation, organization or other legal entity. See Nevada Revised Statutes 167.020
- Personal representative: means an executor, administrator, successor personal representative or special administrator of a decedent"s estate or any other person legally authorized to perform substantially the same functions. See Nevada Revised Statutes 167.020
- State: means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico or any territory or possession subject to the legislative authority of the United States. See Nevada Revised Statutes 167.020
- Transfer: means a transaction which creates custodial property in a manner prescribed in this chapter. See Nevada Revised Statutes 167.020
- Trust company: means a financial institution, corporation or other legal entity authorized to exercise general trust powers. See Nevada Revised Statutes 167.020
1. ’Adult’ means a person who has attained the age of 18 years.
2. ’Benefit plan’ means an employer’s plan for the benefit of an employee or partner.
3. ’Broker’ means a person lawfully engaged in the business of effecting transactions in securities or commodities for his or her own account or for the account of others.
4. ’Conservator’ means a person appointed or qualified by a court to act as general, limited or temporary guardian of a minor‘s property or any other person legally authorized to perform substantially the same functions.
5. ’Court’ means the district court.
6. ’Custodial property’ means:
(a) Any interest in property transferred to a custodian in a manner prescribed in this chapter; and
(b) The income from and the proceeds of that interest in property.
7. ’Custodian’ means a person so designated in a manner prescribed in this chapter. The term includes a successor or substitute custodian.
8. ’Financial institution’ means a bank, trust company, savings institution or credit union chartered and supervised under federal law or the laws of a state.
9. ’Legal representative’ means a personal representative or conservator.
10. ’Member of a minor’s family’ means a minor’s parent, stepparent, spouse, grandparent, brother, sister, uncle or aunt, whether of the whole blood or the half blood, or by or through legal adoption.
11. ’Minor’ means a person who has not attained the age of 18 years.
12. ’Person’ means any natural person, corporation, organization or other legal entity.
13. ’Personal representative’ means an executor, administrator, successor personal representative or special administrator of a decedent‘s estate or any other person legally authorized to perform substantially the same functions.
14. ’State’ means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico or any territory or possession subject to the legislative authority of the United States.
15. ’Transfer’ means a transaction which creates custodial property in a manner prescribed in this chapter.
16. ’Transferor’ means a person who makes a transfer in a manner prescribed in this chapter.
17. ’Trust company’ means a financial institution, corporation or other legal entity authorized to exercise general trust powers.