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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

12 Del. C. § 4301: Definitions.

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Where this section sits in the code
  1. Title 12. Decedents’ Estates and Fiduciary Relations
  2. Fiduciary Relations
  3. CHAPTER 43. Uniform Act for Simplification of Fiduciary Security Transfers

In this chapter, unless the context otherwise requires:

(1) “Assignment” includes any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer.

(2) “Claim of beneficial interest” includes a claim of any interest by a decedent’s legatee, distributee, heirs 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.

(3) “Corporation” means a private or public corporation, association or trust issuing a security.

(4) “Fiduciary” means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian or nominee.

(5) “Person” includes an individual, a corporation, government or governmental subdivision or agency, statutory trust, business trust, estate, trust, partnership or association, 2 or more persons having a joint or common interest or any other legal or commercial entity.

(6) “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.

(7) “Transfer” means a change on the books of a corporation in the registered ownership of a security.

(8) “Transfer agent” means a person employed or authorized by a corporation to transfer securities issued by the corporation.

Collected 2026-09-05T23:02:16Z. Source file · JSON

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