N.Y. Mental Hygiene Law 79.01 – Definitions
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§ 79.01 Definitions. As used in this article:
Terms Used In N.Y. Mental Hygiene Law 79.01
- administration: means the United States veterans' administration or its successor. See N.Y. Mental Hygiene Law 79.01
- 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.
- director: means the director of the United States veterans' administration or his successor. See N.Y. Mental Hygiene Law 79.01
- 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.
- 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: includes a partnership, corporation, or an association. See N.Y. Mental Hygiene Law 79.01
- ward: means a beneficiary of the administration. See N.Y. Mental Hygiene Law 79.01
The term "person" includes a partnership, corporation, or an association.
The term "administration" means the United States veterans' administration or its successor.
The terms "estate" and "income" shall include only moneys received by the guardian from the administration and all earnings, interest, and profits derived therefrom.
The term "benefits" shall mean all moneys payable by the United States through the administration.
The term "director" means the director of the United States veterans' administration or his successor.
The term "ward" means a beneficiary of the administration.
The term "guardian" as used herein shall mean any person acting as a fiduciary for a ward.