46:38A-2. Definitions As used in this chapter: a. 'Adult' means an individual who has attained the age of 21 years; b. 'Broker' means 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; c. 'Court' means the Superior Court; d. 'Custodial property' means any interest in property transferred to a custodian under this chapter and the income from and proceeds of that interest in property; e. 'Custodian' means a person so designated under R.S. 46:38A-19 or a successor or substitute custodian designated under R.S. 46:38A-42 through R.S. 46:38A-45; f. 'Financial institution' means a bank, trust company, savings institution, savings and loan association or credit union, chartered and supervised under State or federal law; g. 'Guardian' of a minor means a guardian of his estate or person; h. 'Legal representative' means an individual's personal representative or guardian; i. 'Member of the minor's family' means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption; j. tative or guardian; i. 'Member of the minor's family' means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption; j. 'Minor' means an individual who has not attained the age of 21 years; k. 'Person' means an individual, corporation, organization, or other legal entity; l. 'Personal representative' means an executor, administrator, successor personal representative of a decedent's estate or a person legally authorized to perform substantially the same functions but excludes a special administrator; m. '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; n. 'Transfer' means a transaction that creates custodial property under R.S. 46:38A-19; o. 'Transferor' means a person who makes a transfer under this chapter; p. 'Trust company' means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers. Source: New. L. 1987, c. 18, s. 1.
New Jersey Legal Code