Sec. 45a-468a. Definitions.
Sec. 45a-468a. Definitions. As used in sections 45a-468 to 45a-468m, inclusive,
and section 45a-369, unless the context otherwise requires:
(1) "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.
(2) "Devisee" means any person designated in a will to receive a disposition of real
or personal property.
(3) "Heir" means a person, including the surviving spouse, who is entitled under
the statutes of intestate succession to the property of a decedent.
(4) "Person" means an individual, a corporation, an organization, a trustee of an
inter vivos trust or other legal entity.
(5) "Personal representative" includes executor, administrator, successor personal
representative, special administrator and persons who perform substantially the same
function under the law governing their status.
(6) "Property" includes both real and personal property or any interest therein and
means anything that may be the subject of ownership.
(7) "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.
(8) "Registering entity" means a person who originates or transfers a security title
by registration, and includes a broker maintaining security accounts for customers and
a transfer agent or other person acting for or as an issuer of securities.
(9) "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.
(10) "Security account" means (A) a reinvestment account associated with a security, a securities account with a broker, a cash balance in a brokerage 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 (B) 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.
(11) "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.
(P.A. 97-42, S. 1.)