38 U.S.C. § 5506 — Definition of “fiduciary”
submitted 22 years ago by Pub. L. 108-454 to r/title-38-VETERANS-BENEFITS · 86 words · no verdicts yet
“Fiduciary” means a legally responsible guardian-like person or another representative appointed to receive money for a beneficiary. This section does not otherwise define those listed terms.
For this chapter and chapter 61, “fiduciary” means (1) a guardian, curator, conservator, committee, or person legally responsible for or caring for a claimant or the claimant’s estate, or a beneficiary or the beneficiary’s estate; or (2) another person appointed in a representative capacity to receive money under laws administered by the Secretary* for a minor, incompetent person, or other beneficiary’s use and benefit. This section does not define “guardian,” “curator,” “conservator,” “committee,” “incompetent,” or “representative capacity.”
For purposes of this chapter and chapter 61 of this title, the term “fiduciary” means—
a person who is a guardian, curator, conservator, committee, or person legally vested with the responsibility or care of a claimant (or a claimant’s estate) or of a beneficiary (or a beneficiary’s estate); or
any other person having been appointed in a representative capacity to receive money paid under any of the laws administered by the Secretary* for the use and benefit of a minor, incompetent, or other beneficiary.
Source credit: (Added Pub. L. 108–454, title V, § 501(a)(1), Dec. 10, 2004, 118 Stat. 3617.)
- 2004Enacted · Pub. L. 108-454 · 118 Stat. 3617
A history note hasn’t been published yet. The record shows enactment by Pub. L. 108-454 on 2004-12-10.
all 0 arguments · sorted by: best
no arguments yet — make the first case