There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-10A-1 — Definitions.
55-10A-1. Definitions. Terms used in this chapter mean:
(1) "Adult," a person who has attained the
age of eighteen years;
(2) "Benefit plan," an employer's plan for
the benefit of an employee or partner;
(3) "Broker," 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;
(4) "Conservator," a person appointed or
qualified by a court to act as general, limited or temporary
conservator of a minor's property or a person legally authorized to
perform substantially the same functions;
(5) "Custodial property," any interest in
property transferred to a custodian under this chapter and the
income from and proceeds of that interest in property;
(6) "Custodian," a person so designated
under § 55-10A-9 or a successor or substitute custodian
designated under § 55-10A-18;
(7) "Financial institution," a bank, trust
company, savings institution or credit union, chartered and
supervised under state or federal law;
(8) "Legal representative," an
individual's personal representative or conservator;
(9) "Member of the minor's family," the
minor's parent, stepparent, spouse, grandparent, brother, sister,
uncle or aunt, whether of the whole or half blood or by
adoption;
(10) "Minor," a person who has not
attained the age of eighteen years;
(11) "Personal representative," 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;
(12) "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;
(13) "Transfer," a transaction that
creates custodial property under § 55-10A-9;
(14) "Transferor," a person who makes a
transfer under this chapter; and
(15) "Trust company," a financial
institution, corporation or other legal entity, authorized to
exercise general trust powers.
Source: SL 1986, ch 409, § 1; SL 1993, ch 213, § 256.
Source: SL 1986, ch 409, § 1; SL 1993, ch 213, § 256.
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