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This entry was published on 2014-09-22
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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.