33 ME Rev Stat § 1652 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 32: MAINE UNIFORM TRANSFERS TO MINORS ACT|33 §1652. Definitions

 §1652. Definitions As used in this Act, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1987, c. 734, §2 (NEW).]1.  Adult.  "Adult" means an individual who has attained 18 years of age.   [PL 1989, c. 502, Pt. A, §117 (AMD).] 2.  Benefit plan.  "Benefit plan" means an employer's plan for the benefit of an employee or partner.   [PL 1987, c. 734, §2 (NEW).] 3.  Broker.  "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.   [PL 1987, c. 734, §2 (NEW).] 4.  Conservator.  "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.   [PL 1987, c. 734, §2 (NEW).] 5.  Court.  "Court" means the Probate Court.   [PL 1987, c. 734, §2 (NEW).] 6.  Custodial property.  "Custodial property" means any interest in property transferred to a custodian under this Act and the income from and proceeds of that interest in property.   [PL 1987, c. 734, §2 (NEW).] 7.  Custodian.  "Custodian" means a person so designated under section 1660 or a successor or substitute custodian designated under section 1669.   [PL 1987, c. 734, §2 (NEW).] 8.  Financial institution.  "Financial institution" means a bank, trust company, savings institution or credit union, chartered and supervised under state or federal law.   [PL 1987, c. 734, §2 (NEW).] 9.  Legal representative.  "Legal representative" means an individual's personal representative or conservator.   [PL 1987, c. 734, §2 (NEW).] 10.  Member of the minor's family.  "Member of the minor's family" means the minor's parent, step-parent, spouse, grandparent, brother, sister, uncle or aunt whether of whole or 1/2 blood or by adoption.   [PL 1987, c. 734, §2 (NEW).] 11.  Minor.  "Minor" means an individual who has not attained 18 years of age.   [PL 1987, c. 734, §2 (NEW).] 12.  Person.  "Person" means an individual, corporation, organization or other legal entity.   [PL 1987, c. 734, §2 (NEW).] 13.  Personal representative.  "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.   [PL 1987, c. 734, §2 (NEW).] 14.  State.  "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.   [PL 1987, c. 734, §2 (NEW).] 15.  Transfer.  "Transfer" means a transaction that creates custodial property under section 1660.   [PL 2019, c. 501, §16 (AMD).] 16.  Transferor.  "Transferor" means a person who makes a transfer under this Act.   [PL 1987, c. 734, §2 (NEW).] 17.  Trust company.  "Trust company" means a financial institution, corporation or other legal entity authorized to exercise general trust powers.   [PL 1987, c. 734, §2 (NEW).] SECTION HISTORY PL 1987, c. 734, §2 (NEW). PL 1989, c. 502, §A117 (AMD). PL 2019, c. 501, §16 (AMD).