As used in this chapter:

(1) “Adult” means an individual who is 21 years old or older.
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Terms Used In Utah Code 75A-8-102

  • Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
  • 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. See Utah Code 75A-8-102
  • 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.
  • Court: means a court with jurisdiction under Title 78A, Judiciary and Judicial Administration. See Utah Code 75A-8-102
  • Custodial property: means :
         (7)(a) any interest in property transferred to a custodian under this chapter; and
         (7)(b) the income from and proceeds of that interest in property. See Utah Code 75A-8-102
  • Custodian: means a person so designated under Section 75A-8-110 or a successor or substitute custodian designated under Section 75A-8-119. See Utah Code 75A-8-102
  • Decedent: A deceased person.
  • Estate: means the same as that term is defined in Section 75-1-201. See Utah Code 75A-8-102
  • Financial institution: means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law. See Utah Code 75A-8-102
  • 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.
  • Minor: means an individual who is under 21 years old. See Utah Code 75A-8-102
  • Parent: means the same as that term is defined in Section 75-1-201. See Utah Code 75A-8-102
  • Person: means an individual, corporation, organization as defined in Section 75-1-201, or other legal entity. See Utah Code 75A-8-102
  • Personal representative: means an executor, administrator, successor personal representative as defined in Section 75-1-201, or special administrator as defined in Section 75-1-201, of a decedent's estate or a person legally authorized to perform substantially the same functions. See Utah Code 75A-8-102
  • Property: means the same as that term is defined in Section 75-1-201. See Utah Code 75A-8-102
  • 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. See Utah Code 75A-8-102
  • Transfer: means a transaction that creates custodial property under Section 75A-8-109. See Utah Code 75A-8-102
  • Trust: means the same as that term is defined in Section 75-1-201. See Utah Code 75A-8-102
  • United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
(2) “Beneficiary” means the same as that term is defined in Section 75-1-201.
(3) “Benefit plan” means an employer’s plan for the benefit of an employee or partner.
(4) “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 accounts of others.
(5) “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.
(6) “Court” means a court with jurisdiction under Title 78A, Judiciary and Judicial Administration.
(7) “Custodial property” means:

     (7)(a) any interest in property transferred to a custodian under this chapter; and
     (7)(b) the income from and proceeds of that interest in property.
(8) “Custodian” means a person so designated under Section 75A-8-110 or a successor or substitute custodian designated under Section 75A-8-119.
(9) “Estate” means the same as that term is defined in Section 75-1-201.
(10) “Fiduciary” means the same as that term is defined in Section 75-1-201.
(11) “Financial institution” means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law.
(12) “Guardian” means the same as that term is defined in Section 75-1-201.
(13) “Incapacitated” means the same as that term is defined in Section 75-1-201.
(14) “Incapacity” means the same as that term is defined in Section 75-1-201.
(15) “Interested person” means the same as that term is defined in Section 75-1-201.
(16) “Legal representative” means an individual’s personal representative or conservator.
(17) “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.
(18) “Minor” means an individual who is under 21 years old.
(19) “Parent” means the same as that term is defined in Section 75-1-201.
(20) “Payor” means the same as that term is defined in Section 75-1-201.
(21) “Person” means an individual, corporation, organization as defined in Section 75-1-201, or other legal entity.
(22) “Personal representative” means an executor, administrator, successor personal representative as defined in Section 75-1-201, or special administrator as defined in Section 75-1-201, of a decedent‘s estate or a person legally authorized to perform substantially the same functions.
(23) “Petition” means the same as that term is defined in Section 75-1-201.
(24) “Property” means the same as that term is defined in Section 75-1-201.
(25) “Record” means the same as that term is defined in Section 75-1-201.
(26) “Security” means the same as that term is defined in Section 75-1-201.
(27) “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.
(28) “Testator” means the same as that term is defined in Section 75-1-201.
(29) “Transfer” means a transaction that creates custodial property under Section 75A-8-109.
(30) “Transferor” means a person who makes a transfer under this chapter.
(31) “Trust” means the same as that term is defined in Section 75-1-201.
(32) “Trust company” means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.
(33) “Trustee” means the same as that term is defined in Section 75-1-201.
(34) “Will” means the same as that term is defined in Section 75-1-201.

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