§ 19-501. Definitions.

Current through October 23, 2012

For the purposes of the chapter, the term:

(1) "Co-owners with right of survivorship" includes joint tenants, tenants by the entireties, and other co-owners of property or accounts held under circumstances that entitles one or more to the whole of the property or account on the death of the other or others.

(2) "Governing instrument" means a deed, will, trust, insurance or annuity policy, account with POD designation, pension, profit-sharing, retirement, or similar benefit plan, instrument creating or exercising a power of appointment or a power of attorney, or a dispositive, appointive, or nominative instrument of any similar type.

(3) "Payor" means a trustee, insurer, business entity, employer, government, governmental agency, subdivision, or instrumentality, or any other person authorized or obligated by law or a governing instrument to make payments.

                
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(Apr. 27, 2001, D.C. Law 13-292, § 202, 48 DCR 2087.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 19-501.

1973 Ed., § 19-501.

Legislative History of Laws

Law 13-292, the "Omnibus Trusts and Estates Amendment Act of 2000", was introduced in Council and assigned Bill No. 13-298, which was referred to the Committee on the Judiciary. The Bill was adopted on first and second readings on December 5, 2000, and December 19, 2000, respectively. Signed by the Mayor on January 26, 2001, it was assigned Act No. 13-599 and transmitted to both Houses of Congress for its review. D.C. Law 13-292 became effective on April 27, 2001.

Miscellaneous Notes

This section was previously enacted by section 1 of Public Law 89-183, 79 Stat. 700, but repealed by implication by D.C. Law 13-292.

Uniform Law

This section is based upon § 1 of the Uniform Simultaneous Death Act (1993 Act). See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.