Trustee (definition)
| A person or institution holding and administering property in trust. | ||
| Federal Law | ||
| means “trustor 24 CFR 27.101 | ||
| State Law | ||
| Arizona | ||
| includes an original, additional and successor trustee and a cotrustee Arizona Laws 14-10103 | ||
| includes an original, additional or successor trustee, whether or not appointed or confirmed by a court Arizona Laws 14-7401 | ||
| includes an original, additional or successor trustee, whether or not appointed or confirmed by the court Arizona Laws 14-1201 | ||
| means a fiduciary with legal title to property under an agreement or declaration that creates a beneficial interest in another Arizona Laws 14-13102 | ||
| means an individual, association or corporation qualified pursuant to section 33-803, or the successor in interest thereto, to whom trust property is conveyed by trust deed Arizona Laws 33-801 | ||
| California | ||
| includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court California Probate Code 84 | ||
| means a fiduciary with legal title to property under an agreement or declaration that creates a beneficial interest in another California Probate Code 871 | ||
| means the Treasurer or a bank or trust company within or without the state acting as trustee for any issue of bonds under this title and, if there is more than one issue of bonds, the term means the trustee for each issue of bonds, respectively California Government Code 99051 | ||
| Connecticut | ||
| includes an original, additional and successor trustee and a cotrustee Connecticut General Statutes 45a-499c | ||
| Delaware | ||
| shall include : | ||
| Florida | ||
| means a fiduciary that holds legal title to property under an agreement, declaration, or trust instrument that creates a beneficial interest in the settlor or other persons Florida Statutes 740.002 | ||
| means a person, other than a personal representative, that owns or holds property for the benefit of a beneficiary Florida Statutes 738.102 | ||
| means an attorney who is a member in good standing of The Florida Bar and who has been practicing law for at least 5 years or that attorney’s law firm, or a title insurer authorized to transact business in this state under… Florida Statutes 721.82 | ||
| Hawaii | ||
| includes an original, additional, and successor trustee, and a cotrustee Hawaii Revised Statutes 554D-103 | ||
| includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court Hawaii Revised Statutes 557A-102 | ||
| includes an original, additional, or successor trustee, whether or not appointed or confirmed by court Hawaii Revised Statutes 554G-2 | ||
| means a bank or a trust company, authorized to transact such business in the State, or a board of trustees appointed by the governing body of the cemetery and pre-need funeral authority, designated as trustee pursuant to a written trust agreement under the terms of this chapter for the funds deposited by an authority Hawaii Revised Statutes 441-1 | ||
| means a national or state bank or trust company within or without the State which enters into a trust indenture Hawaii Revised Statutes 206E-101, Hawaii Revised Statutes 516-91 | ||
| means a national or state bank or trust company, within or outside the State, that enters into a trust indenture Hawaii Revised Statutes 163D-2 | ||
| means a trustee of the board of trustees of the Hawaii employer-union health benefits trust fund, as described in § 87A-5 Hawaii Revised Statutes 87A-1 | ||
| means any trustee or fiscal agent appointed under an indenture or certificate of the director executed in connection with the issuance of bonds pursuant to § 39-68 Hawaii Revised Statutes 269-161 | ||
| Idaho | ||
| means a fiduciary with legal title to property under an agreement or declaration that creates a beneficial interest in another Idaho Code 15-14-102 | ||
| Illinois | ||
| means a trustee of a museum district Illinois Compiled Statutes 55 ILCS 5/5-31003 | ||
| means any State or national bank or trust company, having trust powers, located within or outside the State of Illinois, which may be appointed to act in any capacity with respect to a residential housing finance plan and the issuance of bonds to finance such plan whether designated as a trustee, custodian or administrator Illinois Compiled Statutes 65 ILCS 5/11-74.5-2 | ||
| Indiana | ||
| has the meaning set forth in IC 30-2-14-13 Indiana Code 30-4-1-2 | ||
| includes an original, additional, and successor trustee, and a cotrustee Indiana Code 30-4-9-2 | ||
| includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court Indiana Code 30-2-14-13 | ||
| means a fiduciary with legal title to property under an agreement or declaration that creates a beneficial interest in another Indiana Code 32-39-1-26 | ||
| refers to the trustee of the pension trust, who may be one (1) or more corporate trustees or the treasurer of the county serving under bond Indiana Code 36-8-10-2 | ||
| refers to the trustee of the trust designated under section 8 of this chapter Indiana Code 8-14-15.2-4 | ||
| refers to the trustee of the trust designated under sections 7 and 9 of this chapter Indiana Code 8-14-15.1-4 | ||
| refers to the:
Indiana Code 30-2-15-5 |
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| Iowa | ||
| means a member of the board of trustees of a district Iowa Code 357E.1 | ||
| means a trustee of a district Iowa Code 357D.1, Iowa Code 357F.1, Iowa Code 357G.1, Iowa Code 357I.1 | ||
| Kentucky | ||
| includes an original, additional, and successor trustee, and a cotrustee Kentucky Statutes 386B.1-010 | ||
| means a fiduciary with legal title to property under an agreement or declaration that creates a beneficial interest in another Kentucky Statutes 395A.020 | ||
| Louisiana | ||
| means a person who is licensed as a supplier or a permissive supplier and receives tax payments from and on behalf of another pursuant to provisions of this Part Louisiana Revised Statutes 47:818.2 | ||
| means the separate legal entity designated as trustee of a cemetery care fund Louisiana Revised Statutes 8:1 | ||
| Maine | ||
| includes an original, additional or successor trustee, whether or not appointed or confirmed by a court Maine Revised Statutes Title 18-C Sec. 7-402 | ||
| means a bank or trust company qualified to act as a fiduciary in this State Maine Revised Statutes Title 35-A Sec. 4352 | ||
| means a member of the board Maine Revised Statutes Title 35-A Sec. 10102 | ||
| means a member of the Board of Trustees of the Maine School for Marine Science, Technology, Transportation and Engineering Maine Revised Statutes Title 20-A Sec. 8233 | ||
| means a member of the Board of Trustees of the Maine School of Science and Mathematics Maine Revised Statutes Title 20-A Sec. 8203 | ||
| Michigan | ||
| includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court Michigan Laws 555.502 | ||
| includes an original, additional, or successor trustee, whether or not appointed or confirmed by the court Michigan Laws 700.1107 | ||
| means a fiduciary or set of co-fiduciaries as described in section 2901(2)(j) of EPIC, MCL 700 Michigan Laws 556.112 | ||
| means a member of the board of trustees Michigan Laws 390.701a | ||
| means a person serving on a board of trustees or a subsidiary board Michigan Laws 331.1103 | ||
| means a trustee of a township elected under chapter XVI of Act No Michigan Laws 41.1b | ||
| 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 the trustee or person possessing a power referred to in this act Michigan Laws 14.272 | ||
| means the trustee or trustees of any such “trust mortgage Michigan Laws 451.401 | ||
| Montana | ||
| includes an original, additional, and successor trustee and a cotrustee Montana Code 72-38-103 | ||
| means a fiduciary with legal title to property under an agreement or declaration that creates a beneficial interest in another Montana Code 72-31-402 | ||
| means a person to whom the legal title to real property is conveyed by a trust indenture or the person’s successor in interest Montana Code 71-1-303 | ||
| means the board in its capacity as trustee of the trust Montana Code 15-62-103 | ||
| means the department in its capacity as trustee of the trust Montana Code 53-25-103 | ||
| Nevada | ||
| includes a nontestamentary trustee, a testamentary trustee and a corporate trustee, as well as a natural person Nevada Revised Statutes 165.020 | ||
| means a member of a board of trustees Nevada Revised Statutes 318A.030 | ||
| means the trustee of record Nevada Revised Statutes 107.015 | ||
| New Hampshire | ||
| means an original, added, or successor trustee; III New Hampshire Revised Statutes 564-A:1 |
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| means the person or persons appointed as a trustee in accordance with the governing instrument of a New Hampshire investment trust to manage the business, investment activity, and affairs of such New Hampshire investment trust, and may include the beneficial owners or any of them New Hampshire Revised Statutes 293-B:2 | ||
| New Mexico | ||
| means any bank or savings and loan association located in New Mexico whose deposits or accounts are insured by an agency of the United States New Mexico Statutes 59A-49-4 | ||
| New York | ||
| includes any person to whom any property has been transferred as security for an issue; any person who is the obligee or holder of an obligation, interests in which are evidenced by a bond as defined in clause (b) of paragraph one of this section; and any person who, under the terms of a trust indenture, is granted rights or remedies which may be exercised for the benefit of bondholders N.Y. Personal Property Law 285 | ||
| shall mean and include any person, firm, association or corporation named, appointed or designated as such in any deed of trust, trust indenture or other similar instrument or any successor of such trustee N.Y. Real Property Law 125 | ||
| North Carolina | ||
| means either of the following: | ||
| Ohio | ||
| includes an original, additional, and successor trustee and a cotrustee Ohio Code 2137.01 | ||
| means a trust company or a bank with corporate trust powers, in either case having a place of business in this state, being a taxpayer under Chapter 5707 Ohio Code 150.01 | ||
| South Carolina | ||
| means any person entitled to exercise a power of sale South Carolina Code 27-32-310 | ||
| means the Board of Directors of the South Carolina Public Employee Benefit Authority South Carolina Code 9-16-10 | ||
| means the board of trustees of the respective institutions of higher learning South Carolina Code 59-153-10 | ||
| South Dakota | ||
| includes trustees, a corporate as well as a natural person and a successor or substitute trustee South Dakota Codified Laws 55-4-1 | ||
| means an original trustee and any successor or added trustee South Dakota Codified Laws 55-13-1 | ||
| Tennessee | ||
| includes an original, additional, and successor trustee, and a cotrustee Tennessee Code 35-15-103 | ||
| includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court Tennessee Code 35-6-102 | ||
| means a state or national bank, federally chartered savings and loan association, state chartered trust company, or, in the reasonable discretion of the commissioner upon the terms and conditions that the commissioner may require, a securities brokerage firm licensed and in good standing with appropriate state and federal regulatory authorities Tennessee Code 62-5-403 | ||
| means any fiduciary as defined in § Tennessee Code 35-14-102 | ||
| means any of the following:
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| means one (1) of the members of the board of an authority appointed in accordance with this chapter Tennessee Code 7-57-103 | ||
| Utah | ||
| includes a successor trustee Utah Code 75-11-102, Utah Code 75A-6-102 | ||
| includes an original, additional, and successor trustee, and a cotrustee Utah Code 75-12-102 | ||
| includes an original, additional, and successor trustee, and cotrustee, whether or not appointed or confirmed by the court Utah Code 75-1-201 v2 | ||
| includes an original, additional, or successor trustee, whether appointed or confirmed by a court Utah Code 75A-5-102 | ||
| means “director” when referring to the board of directors of a corporation Utah Code 31A-1-301 | ||
| means the same as that term is defined in Section |
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| means the trustee, trustees, person, or persons possessing a power or powers referred to in this chapter Utah Code 59-18-102 | ||
| Vermont | ||
| includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court | ||
| means a fiduciary with legal title to property under an agreement or declaration that creates a beneficial interest in another | ||
| Virginia | ||
| includes a successor trustee Virginia Code 64.2-116 | ||
| includes an original, additional, and successor trustee and a cotrustee Virginia Code 64.2-701 | ||
| includes an original, additional, or successor trustee, whether or not appointed or confirmed by a court Virginia Code 64.2-1033 | ||
| includes any fiduciary as defined in § Virginia Code 64.2-780 | ||
| means a person appointed as a trustee in accordance with the governing instrument of a business trust Virginia Code 13.1-1201 | ||
| means a person who (i) is licensed as a supplier, an elective supplier, or a permissive supplier and receives tax payments from and on behalf of a licensed or unlicensed distributor, or other person pursuant to § Virginia Code 58.1-2201 | ||
| means a trustee under a probated will or an inter vivos trust instrument Virginia Code 64.2-100 | ||
| Washington | ||
| means a member of the managing board of a mutual savings bank Washington Code 33.46.010 | ||
| means a third-party safekeeping agent which has completed a depositary pledge agreement with a public depositary and the commission Washington Code 39.58.010 | ||
| means an original, added, or successor trustee and includes the state, or any agency thereof, when it is acting as the trustee of a trust to which chapter 11 Washington Code 11.02.005 | ||
| West Virginia | ||
| means a person who is licensed as a supplier or a permissive supplier and receives tax payments from and on behalf of another pursuant to section twenty-four of this article West Virginia Code 11-14C-2 | ||
| means any member serving on the West Virginia Investment Management Board: Provided, That in section nine-a of this article in which the terms of the trusts are set forth, “trustee” means the West Virginia Investment Management Board West Virginia Code 12-6-2 | ||
| means any natural person, partnership or corporation, including any bank, trust company, broker-dealer, foreign state charter trust, savings and loan association or credit union which receives money in trust pursuant to any agreement or contract made pursuant to the provisions of this article West Virginia Code 35-5B-1 | ||
| means any natural person, partnership or corporation, including any bank, trust company, savings and loan association or credit union, which receives money pursuant to any agreement or contract made pursuant to the provisions of this article West Virginia Code 47-14-2 | ||