North Carolina General Statutes 33A-1. Definitions
In this Chapter:
(1) “Adult” means an individual who has attained the age of 21 years.
Terms Used In North Carolina General Statutes 33A-1
- 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.
- Executor: A male person named in a will to carry out the decedent
- 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.
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
- United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
(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) “Court” means the clerk of the superior court of the several counties of the State.
(5) “Custodial property” means (i) any interest in property transferred to a custodian under this Chapter and (ii) the income from and proceeds of that interest in property.
(6) “Custodian” means a person so designated under Section 33A-9 or a successor or substitute custodian designated under Section 33A-18.
(7) “Financial institution” means a bank, trust company, savings and loan associations or other savings institutions, or credit union, chartered and supervised under State or federal law.
(8) “Guardian” 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.
(9) “Legal representative” means an individual’s personal representative or guardian.
(10) “Member of the minor’s family” means the minor’s parent, 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, collector, or special administrator of a decedent‘s estate or a person legally authorized to perform substantially the same function.
(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 N.C. Gen. Stat. § 33A-9
(16) “Transferor” means a person who makes a transfer under this Chapter.
(17) “Trust company” means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers. (1987, c. 563, s. 2.)