Vermont Statutes Title 14 Sec. 3211
Terms Used In Vermont Statutes Title 14 Sec. 3211
- 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 Probate Division of the Superior Court. See
- Custodial property: means :
- Custodian: means a person so designated under section 3219 of this title or a successor or substitute custodian designated under section 3228 of this title. See
- Decedent: A deceased person.
- Financial institution: means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law. See
- 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 21 years of age. See
- Person: means an individual, corporation, organization, or other legal entity. See
- 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
- Probate: Proving a will
- 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
- Transfer: means a transaction that creates custodial property under section 3219 of this title. See
§ 3211. Definitions
As used in this chapter:
(1) “Adult” means an individual who has attained 21 years of age.
(2) “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.
(3) “Court” means the Probate Division of the Superior Court.
(4) “Custodial property” means:
(A) any interest in property transferred to a custodian under this chapter; and
(B) the income from and proceeds of that interest in property.
(5) “Custodian” means a person so designated under section 3219 of this title or a successor or substitute custodian designated under section 3228 of this title.
(6) “Financial guardian” means a person who has been appointed by the Probate Division as financial guardian for a minor pursuant to section 2659 of this title, or a person legally authorized to perform substantially the same functions.
(7) “Financial institution” means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law.
(8) “Legal representative” means an individual’s personal representative.
(9) “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.
(10) “Minor” means an individual who has not attained 21 years of age.
(11) “Person” means an individual, corporation, organization, or other legal entity.
(12) “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.
(13) “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.
(14) “Transfer” means a transaction that creates custodial property under section 3219 of this title.
(15) “Transferor” means a person who makes a transfer under this chapter.
(16) “Trust company”‘ means a financial institution, corporation, or other legal entity authorized to exercise general trust powers. (Added 2015, No. 7, § 1.)