D.C. Code § 28-2901

Current through codified legislation effective October 30, 2024
Section 28-2901 - Definitions

In this chapter, unless the context otherwise requires:

(1) "assignment" includes a written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer;
(2) "claim of beneficial interest" includes a claim of any interest by a decedent's legatee, distributee, heir or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee, or a minor owner of a security registered in the name of a custodian, or a claim of a similar interest, whether the claim is asserted by the claimant, or by a fiduciary, or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties;
(3) "corporation" means a private or public corporation, association, or trust issuing a security;
(4) "fiduciary" means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian, or nominee;
(5) "person" includes an individual, a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or other legal or commercial entity;
(6) "security" includes a share of stock, bond, debenture, note, or other security issued by a corporation which is registered as to ownership on the books of the corporation;
(7) "transfer" means a change on the books of a corporation in the registered ownership of a security;
(8) "transfer agent" means a person employed or authorized by a corporation to transfer securities issued by the corporation.

D.C. Code § 28-2901

Aug. 30, 1964, 78 Stat. 672, Pub. L. 88-509, § 1.

Uniform Law: This section is based upon § ,1 of the Uniform Act for Simplification of Fiduciary Security Transfers.