In this chapter:
I. "Adult" means an individual who has attained the age of 21 years.
II. "Benefit plan" means an employer’s plan for the benefit of an employee or partner.
III. "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.
IV. "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.
V. "Court" means the probate court.
VI. "Custodial property" means any interest in property transferred to a custodian under this chapter and the income from and proceeds of that interest in property.
VII. "Custodian" means a person so designated under RSA 463-A:9 or a successor or substitute custodian designated under RSA 463-A:18.
VIII. "Financial institution" means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law.
IX. "Legal representative" means an individual’s personal representative or conservator.
X. "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.
XI. "Minor" means an individual who has not attained the age of 21 years.
XII. "Person" means an individual, corporation, organization, or other legal entity.
XIII. "Personal representative" means an executor, administrator, successor personal representative, or special administrator of a decedent’s estate or a person legally authorized to perform substantially the same functions.
XIII-a. "
Qualified minor’s trust
" means any trust, including a trust created by the custodian, of which the minor is the sole beneficiary and that satisfies the requirements of section 2503(c) of the Internal Revenue Code and the regulations implementing that section.
XIV. "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.
XV. "Transfer" means a transaction that creates custodial property under RSA 463-A:9.
XVI. "Transferor" means a person who makes a transfer under this chapter.
XVII. "Trust company" means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.
Source. 1985, 197:1. 2007, 111:1, eff. Jan. 1, 2008.