Okla. Stat. tit. 58, § 58-1202
This is the official text of Okla. Stat. tit. 58, § 58-1202, part of Oklahoma’s Stat. tit. 58, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 58,." Browse the sections below, each linked to its official government source.
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Definitions
Official statutory text
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.
Oklahoma Statutes - Title 58. Probate Procedure Page 144
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.
Oklahoma Statutes - Title 58. Probate Procedure Page 145
1. "Adult" means an individual who has attained the age of
twenty-one (21) years.
Oklahoma Statutes - Title 58. Probate Procedure Page 144
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.
Oklahoma Statutes - Title 58. Probate Procedure Page 145
Status: in_force · Read it on the official government site
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