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Terms Used In Vermont Statutes Title 14 Sec. 3101

  • Administrator: means the administrator of the U. See
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Court: means any Probate Division of the Superior Court within this state for the district wherein the ward resides. See
  • Estate: means income on hand and assets acquired partially or wholly with "income. See
  • Income: means monies received from the Veterans' Administration and revenue or profit from any property wholly or partially acquired therewith. See
  • 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: means an individual, a partnership, a corporation, or an association. See
  • Probate: Proving a will
  • State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
  • Ward: means a beneficiary of the Veterans' Administration. See

§ 3101. Definitions

As used in this chapter:

(1) “Administrator” means the administrator of the U.S. Veterans’ Administration or his or her successor.

(2) “Benefits” means all monies paid or payable by the United States through the Veterans Administration.

(3) “Court” means any Probate Division of the Superior Court within this state for the district wherein the ward resides.

(4) “Estate” means income on hand and assets acquired partially or wholly with “income.”

(5) “Guardian” means any fiduciary for the person or estate of a ward.

(6) “Income” means monies received from the Veterans’ Administration and revenue or profit from any property wholly or partially acquired therewith.

(7) “Person” means an individual, a partnership, a corporation, or an association.

(8) “Veterans’ Administration” means the Veterans’ Administration, its predecessors or successors.

(9) “Ward” means a beneficiary of the Veterans’ Administration. (Amended 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011.)