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§58-1202.


§58-1202.
   
   As used in the Oklahoma Uniform Transfers to Minors Act:
   
   1. "Adult" means an individual who has attained the age of twenty-one
   (21) years.
   
   2. "Benefit plan" means an employer's plan for the benefit of an
   employee or partner.
   
   3. "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.
   
   4. "Guardian" means a person appointed or qualified by a court to act
   as guardian of the estate or of the person and the estate.
   
   5. "Court" means the district court of this state in the county where
   the minor resides, or, if the minor is not a resident of this state,
   the district court of this state in the county where the custodian
   resides or has his principal place of business.
   
   6. "Custodial property" means:
   
   a. any interest in property transferred to a custodian pursuant to the
   provisions of the Oklahoma Uniform Transfers to Minors Act, and
   
   b. the income from and proceeds of that interest in property.
   
   7. "Custodian" means a person so designated pursuant to Section 1210
   of this title or a successor or substitute custodian designated
   pursuant to Section 1219 of this title.
   
   8. "Financial institution" means a bank, trust company, savings
   institution, or credit union, chartered and supervised according to
   state or federal law.
   
   9. "Legal representative" means an individual's personal
   representative, conservator, or guardian.
   
   10. "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.
   
   11. "Minor" means an individual who has not attained the age of
   twenty-one (21) years.
   
   12. "Person" means an individual, corporation, organization, or other
   legal entity.
   
   13. "Personal representative" means an executor, administrator,
   successor personal representative, or special administrator of a
   decedent's estate, or a person legally authorized to perform
   substantially the same functions.
   
   14. "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.
   
   15. "Transfer" means a transaction that creates custodial property
   pursuant to Section 1210 of this title.
   
   16. "Transferor" means a person who makes a transfer pursuant to the
   provisions of the Oklahoma Uniform Transfers to Minors Act.
   
   17. "Trust company" means a financial institution, corporation, or
   other legal entity, authorized to exercise general trust powers.
   

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