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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

in plain englishAI-generated · not legal advice

“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.”

the actual law source: uscode.house.gov ↗public domain

For purposes of this chapter and chapter 61 of this title, the term “fiduciary” means—

(1)

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

(2)

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.)

history & why it existsrecord from the source credit
  • 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.

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