Kansas Statutes 38-1702. Definitions
Terms Used In Kansas Statutes 38-1702
- Conservator: means an individual or corporation appointed by the court to act on behalf of a conservatee and possessed of some or all of the powers and duties set out in Kan. See Kansas Statutes 77-201
- 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.
- Minor: means any person defined by Kan. See Kansas Statutes 77-201
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
In this act:
(1) “Adult” means an individual who has attained the age of 21 years.
(2) “Benefit plan” means an employer’s plan for the benefit of an employee or partner.
(3) “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.
(4) “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.
(5) “Court” means district court.
(6) “Custodial property” means (i) any interest in property transferred to a custodian under this act and (ii) the income from and proceeds of that interest in property.
(7) “Custodian” means a person so designated under Kan. Stat. Ann. §§ 38-1710 or a successor or substitute custodian designated under Kan. Stat. Ann. § 38-1719.
(8) “Financial institution” means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law.
(9) “Legal representative” means an individual’s personal representative or conservator.
(10) “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.
(11) “Minor” means an individual who has not attained the age of 21 years.
(12) “Person” means an individual, corporation, organization, or other legal entity.
(13) “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.
(14) “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.
(15) “Transfer” means a transaction that creates custodial property under Kan. Stat. Ann. § 38-1710.
(16) “Transferor” means a person who makes a transfer under this act.
(17) “Trust company” means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.