75A-7-102. Definitions for chapter.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/7/2025

As used in this chapter:

(1)"Assignment" includes any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer.

(2)"Claim of beneficial interest" includes:

(a)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

(b)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)"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.

(6)"Transfer" means a change on the books of a corporation in the registered ownership of a security.

(7)"Transfer agent" means a person employed or authorized by a corporation to transfer securities issued by the corporation.

Amended by Chapter 310 , 2025 General Session