(a)

Skip person

For purposes of this chapter, the term "skip person" means -

(1)

a natural person assigned to a generation which is 2 or more generations below the generation assignment of the transferor, or

(2)

a trust -

(A)

if all interests in such trust are held by skip persons, or

(B)

if -

(i)

there is no person holding an interest in such trust, and

(ii)

at no time after such transfer may a distribution (including distributions on termination) be made from such trust to a nonskip person.

(b)

Non-skip person

For purposes of this chapter, the term "non-skip person" means any person who is not a skip person.