As used in this chapter:

Terms Used In Rhode Island General Laws 33-16-2

  • Administrator: means the administrator of veterans affairs of the United States or his or her successor. See Rhode Island General Laws 33-16-2
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Estate: means income on hand and assets acquired partially or wholly with "income". See Rhode Island General Laws 33-16-2
  • Fiduciary: A trustee, executor, or administrator.
  • Income: means money received from the veterans administration and revenue or profit from any property wholly or partially acquired therewith. See Rhode Island General Laws 33-16-2
  • 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.
  • Person: means an individual, a partnership, a corporation or an association. See Rhode Island General Laws 33-16-2
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8
  • Veterans administration: means the veterans administration, its predecessors or successors. See Rhode Island General Laws 33-16-2

(1) “Administrator” means the administrator of veterans affairs of the United States or his or her successor.

(2) “Benefits” means all money paid or payable by the United States through the veterans administration.

(3) “Conservator” shall mean any person acting as fiduciary for the estate of any “ward” who by reason of advanced age or mental weakness is unable to properly care for his or her estate.

(4) “Estate” means income on hand and assets acquired partially or wholly with “income”.

(5)(i) “Guardian” shall mean any person acting as fiduciary for the person and estate or person or estate of any “ward”.

(ii) “Guardian” shall include conservators.

(6) “Income” means money received from the veterans administration and revenue or profit from any property wholly or partially acquired therewith.

(7) “Person” means an individual, a partnership, a corporation or an association.

(8) “Veterans administration” means the veterans administration, its predecessors or successors.

(9) “Ward” means a beneficiary of the veterans administration.

History of Section.
(P.L. 1946, ch. 1711, § 1; G.L. 1956, § 33-16-2.)