71-1-303. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
     (1) "Beneficiary" means the person named or otherwise designated in a trust indenture as the person for whose benefit a trust indenture is given or his successor in interest, and who shall not be the trustee.
     (2) "Grantor" means the person conveying real property by a trust indenture as security for the performance of an obligation.
     (3) "Thirty acres" means 30 acres of land.
     (4) "Trust indenture" means an indenture executed in conformity with this part and conveying real property to a trustee in trust to secure the performance of an obligation of the grantor or other person named in the indenture to a beneficiary.
     (5) "Trustee" means a person to whom the legal title to real property is conveyed by a trust indenture or his successor in interest.

     History: En. Sec. 3, Ch. 177, L. 1963; amd. Sec. 2, Ch. 337, L. 1974; R.C.M. 1947, 52-403(part); amd. Sec. 2, Ch. 114, L. 1989.