In this chapter,
(1) “beneficiary” means a person who receives property under a transfer on death deed;
(2) “designated beneficiary” means a person designated to receive property in a transfer on death deed;
(3) “joint owner” means an individual who is a tenant by the entirety, who is an owner of community property with a right of survivorship, or who otherwise owns property concurrently with one or more other individuals with a right of survivorship, but does not include an individual who is a tenant in common or other owner of community property without a right of survivorship or who is a joint tenant, other than an individual who is a tenant by the entirety;
(4) “person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity;
(5) “property” means an interest in real property located in this state which is transferable on the death of the owner;
(6) “transfer on death deed” means a deed authorized under this chapter;
(7) “transferor” means an individual who makes a transfer on death deed.
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