The Vermont Statutes Online
The Statutes below include the actions of the 2024 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 14 : Decedents Estates and Fiduciary Relations
Chapter 115 : Vermont Uniform Transfers to Minors Act
(Cite as: 14 V.S.A. § 3211)-
§ 3211. Definitions
As used in this chapter:
(1) “Adult” means an individual who has attained 21 years of age.
(2) “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.
(3) “Court” means the Probate Division of the Superior Court.
(4) “Custodial property” means:
(A) any interest in property transferred to a custodian under this chapter; and
(B) the income from and proceeds of that interest in property.
(5) “Custodian” means a person so designated under section 3219 of this title or a successor or substitute custodian designated under section 3228 of this title.
(6) “Financial guardian” means a person who has been appointed by the Probate Division as financial guardian for a minor pursuant to section 2659 of this title, or a person legally authorized to perform substantially the same functions.
(7) “Financial institution” means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law.
(8) “Legal representative” means an individual’s personal representative.
(9) “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.
(10) “Minor” means an individual who has not attained 21 years of age.
(11) “Person” means an individual, corporation, organization, or other legal entity.
(12) “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.
(13) “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.
(14) “Transfer” means a transaction that creates custodial property under section 3219 of this title.
(15) “Transferor” means a person who makes a transfer under this chapter.
(16) “Trust company”’ means a financial institution, corporation, or other legal entity authorized to exercise general trust powers. (Added 2015, No. 7, § 1.)
