2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
520.21 DEFINITIONS.
In sections 520.21 to 520.31, 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
a security.
(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
In sections 520.21 to 520.31, 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
a security.
(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
Official Publication of the State of Minnesota
Revisor of Statutes