As used in this part 12, unless the context otherwise requires:
"Disclaimant" means the person to whom a disclaimed interest or power would havepassed if the disclaimer had not been made.
"Disclaimed interest" means the interest that would have passed to the disclaimant ifthe disclaimer had not been made.
"Disclaimer" means the refusal to accept an interest in or power over property.
"Fiduciary" means a personal representative, trustee, agent acting under a power ofattorney, or other person authorized to act as a fiduciary with respect to the property of another person.
"Jointly held property" means property held in the name of two or more personsunder an arrangement in which all holders have concurrent interests and under which the last surviving holder is entitled to the whole of the property.
"Person" 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.
"State" means a state of the United States, the District of Columbia, Puerto Rico, theUnited 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 an Alaskan native village recognized by federal law or formally acknowledged by a state.
"Trust" means:
An express trust, charitable or noncharitable, with additions thereto, whenever andhowever created; and
A trust created pursuant to a statute, judgment, or decree that requires the trust to beadministered in the manner of an express trust.
Source: L. 2011: Entire part added, (SB 11-166), ch. 203, p. 859, § 1, effective August 10.