                                 CODE OF VIRGINIA

DEFINITIONS (§ 64.2-612)

In this article, unless the context otherwise requires:
		&#8220;Beneficiary form&#8221; means a registration of a security that
indicates the present owner of the security and the intention of the owner
regarding the person who will become the owner of the security upon the death of
the owner.
		&#8220;Devisee&#8221; means any person designated in a will to receive a
disposition of real or personal property.
		&#8220;Heirs&#8221; means those persons, including the surviving spouse, who
are entitled under the laws of intestate succession to the property of a
decedent.
		&#8220;Personal representative&#8221; includes an executor, administrator,
successor, personal representative, special administrator, and a person who
performs substantially the same function under the law governing his status.
		&#8220;Property&#8221; includes both real and personal property or any
interest therein and means anything that may be the subject of ownership.
		&#8220;Register,&#8221; including its derivatives, means to issue a
certificate showing the ownership of a certificated security or, in the case of
an uncertificated security, to initiate or transfer an account showing ownership
of securities.
		&#8220;Registering entity&#8221; means a person who originates or transfers a
security title by registration, and includes a broker maintaining security
accounts for customers and a transfer agent or other person acting for or as an
issuer of securities.
		&#8220;Security&#8221; means a share, participation, or other interest in
property, in a business, or in an obligation of an enterprise or other issuer,
and includes a certificated security, an uncertificated security, and a security
account.
		&#8220;Security account&#8221; means (i) a reinvestment account associated
with a security, a securities account with a broker, a cash balance in a
brokerage account, cash, interest, earnings, or dividends earned or declared on
a security in an account, a reinvestment account, or a brokerage account,
whether or not credited to the account before the owner&#8217;s death, or (ii) a
cash balance or other property held for or due to the owner of a security as a
replacement for or product of an account security, whether or not credited to
the account before the owner&#8217;s death.

HISTORY: 1994, c. 422, § 64.1-206.1; 2012, c. 614.