402.200. Definitions. - Missouri Statutes

Definitions.

402.200. As used in sections 402.199 to 402.220, the following termsmean:

(1) "Board of trustees", the Missouri family trust board of trustees;

(2) "Charitable trust", the trust established to provide benefits forindividuals, as set forth in section 402.215;

(3) "Department", the department of mental health;

(4) "Disability", a mental or physical impairment that substantiallylimits one or more major life activities, whether the impairment iscongenital or acquired by accident, injury or disease, and where theimpairment is verified by medical findings;

(5) "Life beneficiary" or "beneficiary", a designated beneficiary ofthe Missouri family trust;

(6) "Net income", the earnings received on investments lessadministrative expenses and fees;

(7) "Principal balance", the fair market value of all contributionsmade to a particular account, less distributions, determined as of the endof the calendar month immediately preceding the occurrence giving rise toany determination of principal balance;

(8) "Requesting party", the party desiring arbitration;

(9) "Responding party", the other party in arbitration of a disputeregarding benefits to be provided by the trust;

(10) "Successor trust", the trust established upon distribution bythe board of trustees pursuant to notice of withdrawal or termination andadministered as set forth in section 402.215;

(11) "Trust", the Missouri family trust established pursuant tosections 402.200 to 402.220;

(12) "Trustee", a member of the Missouri family trust board oftrustees.

(L. 1989 H.B. 318 § 1, A.L. 1991 S.B. 311, A.L. 1993 H.B. 136 merged with S.B. 338, A.L. 1998 S.B. 852 & 913, A.L. 1999 S.B. 211, A.L. 2004 H.B. 923)