Section 15-301 - Definitions.
§ 15-301. Definitions.
(a) General.- In this subtitle the following words have the meanings indicated.
(b) Assignment.- "Assignment" includes any written stock power, bond power, bill of sale, deed, declaration of trust, or other instrument of transfer.
(c) Claims.- "Claims" includes a claim of any interest by a legatee of a decedent, 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 any 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.
(d) Corporation.- "Corporation" means a private or public corporation, association or trust issuing a security.
(e) Fiduciary.- "Fiduciary" means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian, or nominee.
(f) Person.- "Person" includes an individual, a corporation, government or governmental subdivision or agency, business trust, statutory trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or commercial entity.
(g) Security.- "Security" includes any 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.
(h) Transfer.- "Transfer" means a change on the books of a corporation in the registered ownership of a security.
(i) Transfer agent.- "Transfer agent" means a person employed or authorized by a corporation to transfer securities issued by the corporation.
[An. Code 1957, art. 37A, § 15; 1974, ch. 11, § 2; 2010, ch. 611, § 2.]