Minnesota Statutes > Chapter 520 > SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS ACT


§ 520.21	Definitions
§ 520.22	Registration in the Name of a Fiduciary
§ 520.23	Assignment by a Fiduciary
§ 520.24	Evidence of Appointment or Incumbency
§ 520.25	Adverse Claims
§ 520.26	Nonliability of Corporation and Transfer Agent
§ 520.27	Nonliability of Third Persons
§ 520.28	Territorial Application
§ 520.29	Tax Obligations
§ 520.30	Uniformity of Interpretation
§ 520.31	Short Title

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Terms Used In Minnesota Statutes > Chapter 520 > SIMPLIFICATION OF FIDUCIARY SECURITY TRANSFERS ACT

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: 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.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Executor: A male person named in a will to carry out the decedent
Fiduciary: A trustee, executor, or administrator.
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.
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Legatee: A beneficiary of a decedent
Minor: means an individual under the age of 18. See Minnesota Statutes 645.451
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
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: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Trustee: A person or institution holding and administering property in trust.