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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 28-2901. Definitions. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-28-2901/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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