An arrangement made during life or under the terms of a will by which a property interest is held by one party (the trustee) for the benefit of one or more beneficiaries.
Federal Law
shall include only a trust where the interest or interests of the beneficiary or beneficiaries are evidenced by a security 10 USC 8225, 19 USC 3592
means the Hawaiian Home Lands Trust and the Hawaiian Home Lands Trust Funds 30 CFR 57.12018, 30 CFR 57.12021
State Law
Alabama
Any entity which is a trust for federal income tax purposes Alabama Code 40-18-1 Any express trust, with additions thereto, wherever and however created, or any separate share of a trust, and includes any arrangement, other than an estate, which, although not a trust, has substantially the same effect as a trust Alabama Code 45-34-82.14 Any single-employer or multiple-employer trust or fund established for the purpose of funding post-employment benefits and includes, but is not limited to, an Internal Revenue Code Section 115 trust, 26 U Alabama Code 45-35-234
Arizona
includes an express trust, private or charitable, with any additions, wherever and however created Arizona Laws 14-1201
California
includes the following:

California Government Code 21331

means a State Heritage Network Trust organized pursuant to subdivision (c) of Section 5078 California Government Code 19851.1 means a trust described in Section 18200, or, if a portion of a trust, that portion that remained subject to the power of revocation at the deceased settlor’s death California Water Code 45272
Delaware
means a trust which is revocable or irrevocable and which has at least 1 individual as its current beneficiary Delaware Code Title 14 Sec. 3485 means an entity classified as a trust for federal income tax purposes, other than a trust of which the grantor or another person is treated as the owner of the entire trust under §§ 672 through 679 of the Internal Revenue Code [26 U Delaware Code Title 30 Sec. 1601
Florida
means :

(a) An express trust (including an honorary trust or a trust under… Florida Statutes 731.1035
Hawaii
means an express trust created by a trust instrument including a will, whereby a trustee has the duty to administer a trust asset for the benefit of a named or otherwise described income or principal beneficiary, or both Hawaii Revised Statutes 392-5 means the Hawaiian home lands trust Hawaii Revised Statutes 674-2
Indiana
refers to the next generation trust fund established under this chapter Indiana Code 8-14-15-2 refers to the next level Indiana trust fund established under section 5 this chapter Indiana Code 8-14-15.1-3
Iowa
means the trust created under section 12D Iowa Code 12D.1 means the trust created under section 12I Iowa Code 12I.1
Kansas
means a fiduciary relationship with respect to property, subjecting the person by whom the property is held to equitable duties to deal with the property for the benefit of another person, which arises as a result of a manifestation of an intention to create it Kansas Statutes 17-5903 means the trust created by K Kansas Statutes 49-511
Kentucky
means an express trust established by a trust instrument, including a will, whereby a trustee has the duty to administer a trust asset for the benefit of a named or otherwise described income or principal beneficiary, or both Kentucky Statutes 386B.1-010
Maine
means the Efficiency Maine Trust established in section 10103 Maine Revised Statutes Title 35-A Sec. 10102, Maine Revised Statutes Title 35-A Sec. 10153 means the Maine Children’s Trust Incorporated Maine Revised Statutes Title 22 Sec. 3881
Michigan
means a fiduciary relationship with respect to property that subjects the person who holds title to the property to equitable duties to deal with the property for the benefit of another person, which fiduciary relationship arises as a result of a manifestation of an intention to create it Michigan Laws 700.2901 means a trust created under the authority of a state or federal law for the purpose of funding retiree health care benefits Michigan Laws 333.13809 means an express trust created by a trust instrument, including a will Michigan Laws 324.78306 means that term as defined in section 1107 of the estates and protected individuals code, 1998 PA 386, MCL 700 Michigan Laws 700.1002 includes , but is not limited to, an express trust, private or charitable, with additions to the trust, wherever and however created Michigan Laws 700.1107
Montana
means the achieving a better life experience savings trust as provided in 53-25-121 Montana Code 53-25-103 means the family education savings trust established by 15-62-301 Montana Code 15-62-103
Nevada
means :

(1) A trust as defined in NRS 163 Nevada Revised Statutes 433B.325

New Hampshire
means an express trust created by: a judgment or decree of the probate court, including a special needs trust authorized by 42 U New Hampshire Revised Statutes 564-A:1
New York
shall mean the trust created by section 54 N.Y. New York City Administrative Code 27-656
South Carolina
means the National Tobacco Grower Settlement Trust South Carolina Code 46-30-210
South Dakota
an express inter vivos or testamentary trust South Dakota Codified Laws 55-18-1 an express trust only South Dakota Codified Laws 55-4-1 any trust with a South Dakota jurisdiction provision as set forth in §§&nbsp South Dakota Codified Laws 58-46-1
Tennessee
means any fiduciary relationship created by a governing instrument Tennessee Code 35-14-102
Utah
includes :

(a)  school and institutional trust lands, as defined in Section 53C-1-103, and related assets; and

(b)  funds and investments of school and institutional trust land revenue, as described in Title 53D, Chapter 1, School and Institutional Trust Fund Management Act Utah Code 53D-2-102 means a nonresident trust or a resident trust Utah Code 59-10-1102, Utah Code 35A-1-202, Utah Code 63N-6-103 means a nonresident trust or a resident trust that has state taxable income Utah Code 59-10-1002 means a nonresident trust or a resident trust that has state taxable income under Title 59, Chapter 10, Part 2, Trusts and Estates Utah Code 63N-2-202 means a resident trust or a nonresident trust Utah Code 63N-2-302 means an express trust created by a trust instrument, including a will Utah Code 35A-4-107
Virginia
includes the assets under the control or management of the trustee Virginia Code 64.2-780 means (i) an express trust, charitable or noncharitable, with additions thereto, whenever and however created; and (ii) a trust created pursuant to a statute, judgment, or decree, that requires the trust to be administered in the manner of an express trust Virginia Code 64.2-2600
West Virginia
means the fund in which deferred amounts and investment income of participating employees are held West Virginia Code 5-10B-2
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