3B:11-9 - Definitions - New-jersey Statutes

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Statutes > New-jersey > Title-3b > Section-3b-11 > 3b-11-9

3B:11-9. Definitions
    As used in this article:

    a.   "Code" means the Internal Revenue Code of 1954 as amended;

     b.   "Private foundation trust" means a charitable trust which is a private foundation described in section 509(a) of the code, including each nonexempt charitable trust described in section 4947(a)(1) of the code which is treated as a private foundation;

    c.   "Split-interest trust" means a nonexempt split-interest trust described in section 4947(a)(2) of the code, but only to the extent that section 508(e) of the code is applicable to the nonexempt split-interest trust under section 4947(a)(2) of the code;

    d.   "Trust instrument" means a will, deed, agreement, court order, or other instrument pursuant to which money or other property is entrusted to a fiduciary, and also means the certificate of incorporation of a nonprofit corporation administering a charitable foundation trust;

    e.   "Trustee" means every fiduciary administering a trust instrument, and includes a corporation which is a private charitable foundation administering a private foundation trust;

    f.   "Trust" means private foundation trusts and split-interest trusts.

     L.1981, c. 405, s. 3B:11-9, eff. May 1, 1982.

State Codes and Statutes

Statutes > New-jersey > Title-3b > Section-3b-11 > 3b-11-9

3B:11-9. Definitions
    As used in this article:

    a.   "Code" means the Internal Revenue Code of 1954 as amended;

     b.   "Private foundation trust" means a charitable trust which is a private foundation described in section 509(a) of the code, including each nonexempt charitable trust described in section 4947(a)(1) of the code which is treated as a private foundation;

    c.   "Split-interest trust" means a nonexempt split-interest trust described in section 4947(a)(2) of the code, but only to the extent that section 508(e) of the code is applicable to the nonexempt split-interest trust under section 4947(a)(2) of the code;

    d.   "Trust instrument" means a will, deed, agreement, court order, or other instrument pursuant to which money or other property is entrusted to a fiduciary, and also means the certificate of incorporation of a nonprofit corporation administering a charitable foundation trust;

    e.   "Trustee" means every fiduciary administering a trust instrument, and includes a corporation which is a private charitable foundation administering a private foundation trust;

    f.   "Trust" means private foundation trusts and split-interest trusts.

     L.1981, c. 405, s. 3B:11-9, eff. May 1, 1982.

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State Codes and Statutes

Statutes > New-jersey > Title-3b > Section-3b-11 > 3b-11-9

3B:11-9. Definitions
    As used in this article:

    a.   "Code" means the Internal Revenue Code of 1954 as amended;

     b.   "Private foundation trust" means a charitable trust which is a private foundation described in section 509(a) of the code, including each nonexempt charitable trust described in section 4947(a)(1) of the code which is treated as a private foundation;

    c.   "Split-interest trust" means a nonexempt split-interest trust described in section 4947(a)(2) of the code, but only to the extent that section 508(e) of the code is applicable to the nonexempt split-interest trust under section 4947(a)(2) of the code;

    d.   "Trust instrument" means a will, deed, agreement, court order, or other instrument pursuant to which money or other property is entrusted to a fiduciary, and also means the certificate of incorporation of a nonprofit corporation administering a charitable foundation trust;

    e.   "Trustee" means every fiduciary administering a trust instrument, and includes a corporation which is a private charitable foundation administering a private foundation trust;

    f.   "Trust" means private foundation trusts and split-interest trusts.

     L.1981, c. 405, s. 3B:11-9, eff. May 1, 1982.