In this chapter, unless the context otherwise requires:
(1)
“Assignment” includes any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer.
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Terms Used In Utah Code 22-5-2
Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
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: means a private or public corporation, association or trust issuing a security. See Utah Code 22-5-2
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.
Deed: The legal instrument used to transfer title in real property from one person to another.
Fiduciary: means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian or nominee. See Utah Code 22-5-2
Fiduciary: A trustee, executor, or administrator.
Legatee: A beneficiary of a decedent
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: includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or commercial entity. See Utah Code 22-5-2
Security: includes any share of stock, bond, debenture, note or other security issued by a corporation which is registered as to ownership on the books of the corporation. See Utah Code 22-5-2
Transfer: means a change on the books of a corporation in the registered ownership of a security. See Utah Code 22-5-2
Trustee: A person or institution holding and administering property in trust.
(2)
“Claim of beneficial interest” includes a claim of any interest by a decedent‘s legatee, distributee, heir or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee, or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person in his behalf, and includes a claim that the transfer would be in breach of fiduciary duties.
(3)
“Corporation” means a private or public corporation, association or trust issuing a security.
(4)
“Fiduciary” means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian or nominee.
(5)
“Person” includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or commercial entity.
(6)
“Security” includes any share of stock, bond, debenture, note or other security issued by a corporation which is registered as to ownership on the books of the corporation.
(7)
“Transfer” means a change on the books of a corporation in the registered ownership of a security.
(8)
“Transfer agent” means a person employed or authorized by a corporation to transfer securities issued by the corporation.
