§ 30-10-903

30-10-903. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply: (1) (a) 'Living trust' means either an irrevocable or a revocable inter vivos trust. (b) The term does not include an account with a POD designation, as defined in 72-6-201. (2) 'Offer' or 'offer to sell' includes an attempt or offer to dispose of a living trust for value or a solicitation of an offer to buy a living trust for value. (3) 'Person' means an individual, corporation, partnership, association, joint-stock company, or unincorporated organization. (4) 'Sale' includes each contract of sale, contract to sell, or disposition of a living trust for value. History: En. Sec. 3, Ch. 348, L. 1997.