(a) "Trust" includes the following:
   (1) An express trust, private or charitable, with additions
thereto, wherever and however created.
   (2) A trust created or determined by a judgment or decree under
which the trust is to be administered in the manner of an express
trust.
   (b) "Trust" excludes the following:
   (1) Constructive trusts, other than those described in paragraph
(2) of subdivision (a), and resulting trusts.
   (2) Guardianships and conservatorships.
   (3) Personal representatives.
   (4) Totten trust accounts.
   (5) Custodial arrangements pursuant to the Uniform Gifts to Minors
Act or the  Uniform Transfers to Minors Act of any state.
   (6) Business trusts that are taxed as partnerships or
corporations.
   (7) Investment trusts subject to regulation under the laws of this
state or any other jurisdiction.
   (8) Common trust funds.
   (9) Voting trusts.
   (10) Security arrangements.
   (11) Transfers in trust for purpose of suit or enforcement of a
claim or right.
   (12) Liquidation trusts.
   (13) Trusts for the primary purpose of paying debts, dividends,
interest, salaries, wages, profits, pensions, or employee benefits of
any kind.
   (14) Any arrangement under which a person is nominee or escrowee
for another.

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Last modified: July 31, 2008