N.Y. Estates, Powers & Trusts Law § 1-2.20: Lifetime trust

§ 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.