2014 Nevada Revised Statutes
Chapter 167 - Transfers to Minors (Uniform Act)
NRS 167.020 - Definitions.

In this chapter, unless the context otherwise requires:

1. Adult means a person who has attained the age of 18 years.

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 his or her own account or for the account of others.

4. Conservator means a person appointed or qualified by a court to act as general, limited or temporary guardian of a minor s property or any other person legally authorized to perform substantially the same functions.

5. Court means the district court.

6. Custodial property means:

(a) Any interest in property transferred to a custodian in a manner prescribed in this chapter; and

(b) The income from and the proceeds of that interest in property.

7. Custodian means a person so designated in a manner prescribed in this chapter. The term includes a successor or substitute custodian.

8. Financial institution means a bank, trust company, savings institution or credit union chartered and supervised under federal law or the laws of a state.

9. Legal representative means a personal representative or conservator.

10. Member of a minor s family means a minor s parent, stepparent, spouse, grandparent, brother, sister, uncle or aunt, whether of the whole blood or the half blood, or by or through legal adoption.

11. Minor means a person who has not attained the age of 18 years.

12. Person means any natural person, corporation, organization or other legal entity.

13. Personal representative means an executor, administrator, successor personal representative or special administrator of a decedent s estate or any other person legally authorized to perform substantially the same functions.

14. State means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico or any territory or possession subject to the legislative authority of the United States.

15. Transfer means a transaction which creates custodial property in a manner prescribed in this chapter.

16. Transferor means a person who makes a transfer in a manner prescribed in this chapter.

17. Trust company means a financial institution, corporation or other legal entity authorized to exercise general trust powers.

(Added to NRS by 1957, 21; A 1965, 1013; 1967, 371; 1977, 1024; 1983, 9; 1985, 69)