, unless the context otherwise requires:
(a) "Assignment" includes any written stock power, bond power, bill of sale, deed,
declaration of trust, or other instrument of transfer.
(b) "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 any similar interest, whether the claim is asserted by the claimant or by a
fiduciary or by any other authorized person on the claimant's behalf, and includes a claim that the
transfer would be in breach of fiduciary duties.
(c) "Corporation" means a private or public corporation, association or trust issuing a security.
(d) "Fiduciary" means an executor, administrator, trustee, guardian, committee, conservator,
curator, tutor, custodian, or nominee.
(e) "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 any other legal or commercial entity.
(f) "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.
(g) "Transfer" means a change on the books of a corporation in the registered ownership of
(h) "Transfer agent" means a person employed or authorized by a corporation to transfer
securities issued by the corporation.
History: 1961 c 462 s 1; 1986 c 444