New Hampshire Revised Statutes 564-A:1 – Definitions
Current as of: 2023 | Check for updates
|
Other versions
As used in this chapter:
I. “Trust” means an express trust created by: a judgment or decree of the probate court, including a special needs trust authorized by 42 U.S.C. § 1396p(d)(4)(A) and (C); and 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. “Trust” does not include a resulting or constructive trust, a business trust which provides for certificates to be issued to the beneficiary, an investment trust, a voting trust, a security instrument, a trust created by the judgment or decree by any other court, a liquidation trust, or a trust for the primary purpose of paying dividends, interest, interest coupons, salaries, wages, pensions or profits, or employee benefits of any kind, an instrument wherein a person is nominee or escrowee for another, a trust created in deposits in any financial institution, or other trust the nature of which does not admit of general trust administration;
II. “Trustee” means an original, added, or successor trustee;
III. [Repealed.]
I. “Trust” means an express trust created by: a judgment or decree of the probate court, including a special needs trust authorized by 42 U.S.C. § 1396p(d)(4)(A) and (C); and 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. “Trust” does not include a resulting or constructive trust, a business trust which provides for certificates to be issued to the beneficiary, an investment trust, a voting trust, a security instrument, a trust created by the judgment or decree by any other court, a liquidation trust, or a trust for the primary purpose of paying dividends, interest, interest coupons, salaries, wages, pensions or profits, or employee benefits of any kind, an instrument wherein a person is nominee or escrowee for another, a trust created in deposits in any financial institution, or other trust the nature of which does not admit of general trust administration;
Terms Used In New Hampshire Revised Statutes 564-A:1
- 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: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- Probate: Proving a will
- Trust: means an express trust created by: a judgment or decree of the probate court, including a special needs trust authorized by 42 U. See New Hampshire Revised Statutes 564-A:1
- Trustee: A person or institution holding and administering property in trust.
- Trustee: means an original, added, or successor trustee;
III. See New Hampshire Revised Statutes 564-A:1
II. “Trustee” means an original, added, or successor trustee;
III. [Repealed.]