Section 30-10-903 - DefinitionsAs used in this part, unless the context requires otherwise, the following definitions apply:
(1)(a) "Living trust" means either an irrevocable or a revocable inter vivos trust.(b) The term does not include an account with a POD designation, as defined in 72-6-201.(2) "Offer" or "offer to sell" includes an attempt or offer to dispose of a living trust for value or a solicitation of an offer to buy a living trust for value.(3) "Person" means an individual, corporation, partnership, association, joint-stock company, or unincorporated organization.(4) "Sale" includes each contract of sale, contract to sell, or disposition of a living trust for value.En. Sec. 3, Ch. 348, L. 1997.