{"data":{"id":"us-ny/n.y.-estates-powers-trusts-law-1-2.20","jurisdiction":"us-ny","citation":"N.Y. Estates, Powers \u0026 Trusts Law § 1-2.20","heading":"Lifetime trust","body":"§ 1-2.20 Lifetime trust\n  The term \"lifetime trust\" shall mean an express trust and all\namendments thereto created other than by will and shall not include; a\ntrust for the benefit of creditors, a resulting or constructive trust, a\nbusiness trust where certificates of beneficial interest are issued to\nthe beneficiary, an investment trust, voting trust, a security\ninstrument such as a deed of trust and a mortgage, a trust created by\nthe judgment or decree of a court, a liquidation or reorganization\ntrust, a trust for the sole purpose of paying dividends, interest,\ninterest coupons, salaries, wages, pensions or profits, instruments\nwherein persons are mere nominees for others, or a trust created in\ndeposits in any banking institution or savings and loan institution.","path":["Estates, Powers \u0026 Trusts Law","Article 1. General Provisions","Part 2. Definitions"],"source_url":"https://legislation.nysenate.gov/api/3/laws/EPT/1-2.20","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"e726d3fbf11da78f4061dba84129c96d3e40b25e7e5db2e57dfd05db297b32fc","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-estates-powers-trusts-law-1-2.19","next":"us-ny/n.y.-estates-powers-trusts-law-2-1.1"},"notice":"GroundRules: Original legal text. Not legal advice."}