Alabama § 35-5A-2 - Definitions.
Full text of Alabama Code of Alabama § 35-5A-2 — Definitions., with citation guidance and answers to common questions.
§ 35-5A-2. Definitions.
As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) ADULT. An individual who has attained the age of 21 years.
(2) BENEFIT PLAN. An employer’s plan for the benefit of an employee or partner, or an individual retirement account.
(3) BROKER. 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.
(4) CONSERVATOR. A person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor’s property or a person legally authorized to perform substantially the same functions.
(5) COURT. Circuit court.
(6) CUSTODIAL PROPERTY.
a. Any interest in property transferred to a custodian under this chapter and
b. The income from and proceeds of that interest in property.
(7) CUSTODIAN. A person so designated under Section 35-5A-10 or a successor or substitute custodian designated under Section 35-5A-19.
(8) FINANCIAL INSTITUTION. A bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law.
(9) LEGAL REPRESENTATIVE. An individual’s personal representative or conservator.
(10) MEMBER OF THE MINOR’S FAMILY. The minor’s parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.
(11) MINOR. An individual who has not attained the age of 21 years.
(12) PERSON. An individual, corporation, organization, or other legal entity.
(13) PERSONAL REPRESENTATIVE. 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.
(14) 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.
(15) TRANSFER. A transaction that creates custodial property under Section 35-5A-10.
(16) TRANSFEROR. A person who makes a transfer under this chapter.
(17) TRUST COMPANY. A financial institution, corporation, or other legal entity, authorized to exercise general trust powers.
Frequently Asked Questions About Alabama § 35-5A-2
What does Code of Alabama § 35-5A-2 cover?
Section 35-5A-2 ("Definitions.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 35-5A-2?
A common citation format is "Code of Alabama § 35-5A-2" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 35-5A-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.