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 15 USC 77b
State Law
Arizona
includes an express trust, private or charitable, with any additions, wherever and however created Arizona Laws 14-1201
California
includes the following:

California Probate Code 82
means a State Heritage Network Trust organized pursuant to subdivision (c) of Section 5078 California Public Resources Code 5078
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 Probate Code 19000
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
means :

a Delaware Code Title 12 Sec. 602
Florida
means :

(a) An express trust (including an honorary trust or a trust under… Florida Statutes 739.102
Hawaii
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 8-14-15.2-3
refers to the next level Indiana trust fund established under section 5 this chapter Indiana Code 8-14-15.1-3
Iowa
includes but is not limited to settlement options and contracts issued pursuant to policies or contracts, and funds held in a separate or segregated account in connection with pension or profit-sharing plans pursuant to agreements with the policyholders Iowa Code 508.32
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 Kan 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
Louisiana
means an express special public trust created only pursuant to and in compliance with the provisions of this Subpart Louisiana Revised Statutes 45:1332
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, Maine Revised Statutes Title 35-A Sec. 10202
means the Maine Children’s Trust Incorporated Maine Revised Statutes Title 22 Sec. 3881
means :
A Maine Revised Statutes Title 18-C Sec. 2-902
Michigan
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
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 38.1212
means an express trust created by a trust instrument, including a will Michigan Laws 14.272
means that term as defined in section 1107 of the estates and protected individuals code, 1998 PA 386, MCL 700 Michigan Laws 700.1002
means that term as defined in section 2901 of EPIC, MCL 700 Michigan Laws 556.112
means the Michigan education trust created in section 5 Michigan Laws 390.1424
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 165.020
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. Arts and Cultural Affairs Law 54.03
Ohio
means an inter vivos revocable or irrevocable trust instrument to which, at the time the complaint for declaration of validity is filed under section 5817 Ohio Code 5817.01
South Carolina
means the National Tobacco Grower Settlement Trust South Carolina Code 46-30-210
Tennessee
means any fiduciary relationship created by a governing instrument Tennessee Code 35-14-102
means :

(A) An express trust, charitable or noncharitable, with additions thereto, whenever and however created Tennessee Code 31-7-102
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 59-6-101, Utah Code 59-10-1102
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 2 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 59-18-102
Vermont
means the trust in which the assets of the Program are held
Virginia
includes a common law trust, business trust, and foreign business trust Virginia Code 13.1-1201
includes all trusts described in § 64 Virginia Code 64.2-1033
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
means a trust that (i) is established to accept and hold assets of a health benefit plan in trust in accordance with the terms of the written trust document for the sole purposes of providing medical, prescription drug, dental, and vision benefits and defraying reasonable administrative costs of providing health benefits under a health benefit plan and (ii) complies with the conditions set forth in § 59 Virginia Code 59.1-589
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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