EPTL 1-2.20 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 1-2.19 Will up PART 2 Definitions Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 1-2.20 Lifetime trust Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 1, PART 2 § 1-2.20 Lifetime trust The term "lifetime trust" shall mean an express trust and all amendments thereto created other than by will and shall not include; a trust for the benefit of creditors, a resulting or constructive trust, a business trust where certificates of beneficial interest are issued to the beneficiary, an investment trust, voting trust, a security instrument such as a deed of trust and a mortgage, a trust created by the judgment or decree of a court, a liquidation or reorganization trust, a trust for the sole purpose of paying dividends, interest, interest coupons, salaries, wages, pensions or profits, instruments wherein persons are mere nominees for others, or a trust created in deposits in any banking institution or savings and loan institution.