23-32-506. Payment to minor.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-32-506. Payment to minor. If a financial institution is required or permitted to make payment pursuant to this subchapter to a minor designated as a beneficiary, payment may be made pursuant to the Uniform Transfers to Minors Act, § 9-26-201 et seq.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-32-506

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Arkansas Code — all titles (historical 2020) · legal_authorities

9-26-201. Definitions.

9-26-201. Definitions. As used in this subchapter: (1) “Adult” means an individual who has attained the age of twenty-one (21) years. (2) “Benefit plan” means an employer's plan for the benefit of an employee or partner. (3) “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. (4) “Conservator” means 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” means any circuit court of competent jurisdiction. (6) “Custodial property” means (i) any interest in property transferred to a custodian under this subchapter; and (ii) the income from and proceeds of that interest in property. (7) “Custodian” means a person so designated under § 9-26-209 or successor or substitute custodian designated under § 9-26-218. (8) “Financial institution” means a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law. (9) “Legal representative” means an individual's personal representative or conservator. (10) “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. (11) “Minor” means an individual who has not attained the age of twenty-one (21) years. (12) “Person” means an individual, corporation, organization, or other legal entity. (13) “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

Source: Arkansas Code — historical release 78 (November 6, 2020) · 9-26-201

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 9-26-201. This identifies an authority to review, not proof of applicability.