New Jersey Statutes > Title 46 > Chapter 2C – Trust Created for Exclusive Benefit of Employees as Part of Pension, Disability, Death or Profit-Sharing Plan
Current as of: 2023 | Check for updates
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| § 46:2C-6 | Trust created for exclusive benefit of employees as part of pension, disability, death or profit-sharing plan |
| § 46:2C-7 | Definitions |
Terms Used In New Jersey Statutes > Title 46 > Chapter 2C - Trust Created for Exclusive Benefit of Employees as Part of Pension, Disability, Death or Profit-Sharing Plan
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
- Trustee: A person or institution holding and administering property in trust.