2017 Mississippi Code
Title 91 - Trusts and Estates
Chapter 11 - Fiduciary Security Transfers
§ 91-11-3. Definitions

Universal Citation: MS Code § 91-11-3 (2017)
  • In this chapter, unless the context otherwise requires:
    • (a) "Assignment" includes any written stock power, bond power, bill of sale, deed, declaration of trust, or other instrument of transfer.
    • (b) "Claim of beneficial interest" includes a claim of any interest by a decedent's legatee, distributee, heir, or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee, a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties.
    • (c) "Corporation" means a private or public corporation, association, or trust issuing a security.
    • (d) "Fiduciary" means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian, or nominee.
    • (e) "Person" includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or commercial entity.
    • (f) "Security" includes any share of stock, bond, debenture, note, or other security issued by a corporation which is registered as to ownership on the books of the corporation.
    • (g) "Transfer" means a change on the books of a corporation in the registered ownership of a security.
    • (h) "Transfer agent" means a person employed or authorized by a corporation to transfer securities issued by the corporation.
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