Ch. 644                                        1994 LAWS OF MARYLAND

(D)     "HEIRS" MEANS THOSE PERSONS, INCLUDING THE SURVIVING SPOUSE,
WHO ARE ENTITLED UNDER THE STATUTES OF INTESTATE SUCCESSION TO THE
PROPERTY OF A DECEDENT.

(E)      "PERSONAL REPRESENTATIVE" INCLUDES EXECUTOR, ADMINISTRATOR,
SUCCESSOR PERSONAL REPRESENTATIVE, SPECIAL ADMINISTRATOR, AND PERSONS
WHO PERFORM SUBSTANTIALLY THE SAME FUNCTION UNDER THE LAW
GOVERNING THEIR STATUS.

(F)      "PROPERTY" INCLUDES BOTH REAL AND PERSONAL PROPERTY OR ANY
INTEREST THEREIN AND MEANS ANYTHING THAT MAY BE THE SUBJECT OF
OWNERSHIP.

(G)     "REGISTER", 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.

(H) "REGISTERING ENTITY" 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.

(I) "SECURITY" 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.

(J) (1) "SECURITY ACCOUNT" 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'S DEATH, OR (II) A CASH. BALANCE OR OTHER
PROPERTY HELD FOR OR DUE TO THE OWNER OF SECURITY AS A REPLACEMENT
FOR OR PRODUCT OF AN ACCOUNT SECURITY, WHETHER OR NOT CREDITED TO THE
ACCOUNT BEFORE THE OWNER'S DEATH.

(2) "SECURITY ACCOUNT" DOES NOT INCLUDE AN ACCOUNT AS
DEFINED IN § 1-204(B)(2) OF THE FINANCIAL INSTITUTIONS ARTICLE. -

16-102. REGISTRATION IN BENEFICIARY FORM; SOLE OR JOINT TENANCY
OWNERSHIP.

ONLY INDIVIDUALS WHOSE REGISTRATION OF A SECURITY SHOWS SOLE
OWNERSHIP BY ONE INDIVIDUAL OR MULTIPLE, OWNERSHIP BY TWO OR MORE
WITH RIGHT OF SURVIVORSHIP, RATHER THAN AS TENANTS IN COMMON, MAY
OBTAIN REGISTRATION IN BENEFICIARY FORM. MULTIPLE OWNERS OF A SECURITY
REGISTERED IN BENEFICIARY FORM HOLD AS JOINT TENANTS WITH RIGHT OF
SURVIVORSHIP, AS TENANTS BY THE ENTIRETIES, OR AS OWNERS OF COMMUNITY
PROPERTY HELD IN SURVIVORSHIP FORM, AND NOT AS TENANTS IN COMMON...

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