                                 CODE OF VIRGINIA

DEFINITIONS (§ 64.2-2600)

As used in this chapter:
		&#8220;Disclaimant&#8221; means the person to whom a disclaimed interest or
power would have passed had the disclaimer not been made.
		&#8220;Disclaimed interest&#8221; means the interest that would have passed to
the disclaimant had the disclaimer not been made.
		&#8220;Disclaimer&#8221; means the refusal to accept an interest in or power
over property.
		&#8220;Fiduciary&#8221; means a personal representative, trustee, agent acting
under a power of attorney, or other person authorized to act as a fiduciary with
respect to the property of another person.
		&#8220;Jointly held property&#8221; means property held in the name of two or
more persons under an arrangement in which all holders have concurrent interests
and under which the last surviving holder is entitled to the whole of the
property and includes, without limitation, property held as tenants by the
entirety.
		&#8220;Person&#8221; means an individual, corporation, business trust, estate,
trust, partnership, limited liability company, association, joint venture,
government, governmental subdivision, agency or instrumentality, public
corporation, or any other legal or commercial entity.
		&#8220;State&#8221; means a state of the United States, the District of
Columbia, Puerto Rico, the United States Virgin Islands, or any territory or
insular possession subject to the jurisdiction of the United States. The term
includes an Indian tribe or band, or Alaskan native village, recognized by
federal law or formally acknowledged by a state.
		&#8220;Trust&#8221; means (i) an express trust, charitable or noncharitable,
with additions thereto, whenever and however created; and (ii) a trust created
pursuant to a statute, judgment, or decree, that requires the trust to be
administered in the manner of an express trust.

HISTORY: 2003, c. 253, § 64.1-196.1; 2012, c. 614.