2010 New York Code
EPT - Estates, Powers & Trusts
Article 13 - OTHER PROVISIONS AFFECTING ESTATES
Part 4 - (13-4.1 - 13-4.12) TRANSFER-ON-DEATH SECURITY REGISTRATION
13-4.1 - Definitions

§ 13-4.1 Definitions
    As used in this part unless the context otherwise requires:
    (a)  "Beneficiary  form"  means  a  registration  of  a security which
  indicates the present owner of the security and  the  intention  of  the
  owner  regarding  the  person  who will become the owner of the security
  upon the death of the owner.
    (b) "Devisee" means any person to whom real property is transferred by
  will.
    (c) "Distributee" means any person entitled to take or  share  in  the
  property  of  a  decedent  under  the  statutes  governing  descent  and
  distribution.
    (d) "Legatee" means any person designated to  receive  a  transfer  by
  will of personal property.
    (e)  "Person"  means  an individual, a corporation, an organization or
  other legal entity.
    (f)  "Personal  representative"  includes   executor,   administrator,
  successor   personal  representative,  preliminary  executor,  temporary
  administrator and persons who perform substantially  the  same  function
  under the law governing their status.
    (g)  "Property"  includes  both  real  and  personal  property  or any
  interest  therein  and  means  anything  that  may  be  the  subject  of
  ownership.
    (h) "Register" including its derivatives, means to issue a certificate
  showing  the  ownership of a certificated security or, in the case of an
  uncertificated security, to initiate  or  transfer  an  account  showing
  ownership of securities.
    (i)  "Registering entity" means a person who originates or transfers a
  security title  by  registration,  and  includes  a  broker  or  banking
  institution, as defined in paragraph (b) of subdivision three of section
  nine-f  of  the  banking law maintaining security accounts for customers
  and a transfer agent or other person acting  for  or  as  an  issuer  of
  securities.
    (j)  "Security"  means  a  share,  participation  or other interest in
  property, in a business or in an obligation of an  enterprise  or  other
  issuer, and includes a certificated security, an uncertificated security
  and a security account.
    (k)  "Security  account"  means  (i) a reinvestment account associated
  with  a  security,  a  securities  account  with  a  broker  or  banking
  institution, as defined in paragraph (b) of subdivision three of section
  nine-f  of  the  banking  law,  a cash balance in a brokerage account or
  securities account, cash, interest, earnings,  or  dividends  earned  or
  declared  on  a  security  in  an  account,  a reinvestment account or a
  brokerage account, whether or not credited to  the  account  before  the
  owner's death, or
    (ii)  a cash balance or other property held for or due to the owner of
  a security as a replacement for  or  product  of  an  account  security,
  whether or not credited to the account before the owner's death.
    (l)  "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.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.