New York Statutes
§ 7-5.1 — Definitions
New York § 7-5.1
This text of New York § 7-5.1 (Definitions) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Estates, Powers & Trusts § 7-5.1 (2026).
Text
§ 7-5.1 Definitions\n (a) A "beneficiary" is a person who is described by a depositor as a\nperson for whom a trust account is established or maintained.\n (b) A "depositor" is a person in whose name a trust account subject to\nthis part is established or maintained.\n (c) A "financial institution" is a bank, trust company, national\nbanking association, savings bank, industrial bank, private banker,\nforeign banking corporation, federal savings and loan association, a\nsavings institution chartered and supervised as a savings and loan or\nsimilar institution under federal law or the laws of a state, a federal\ncredit union, or a credit union chartered and supervised under the laws\nof a state.\n (d) A "trust account" includes a savings, share, certificate or\ndeposit account in a fina
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Related
In re Bobeck
143 A.D.2d 90 (Appellate Division of the Supreme Court of New York, 1988)
In Re the Estate of Beck
473 N.E.2d 740 (New York Court of Appeals, 1984)
In re the Estate of Flynn
119 Misc. 2d 561 (New York Surrogate's Court, 1983)
Cullen v. New York State Department of Social Services
155 A.D.2d 857 (Appellate Division of the Supreme Court of New York, 1989)
In re the Accounting of Conklin
48 Misc. 3d 291 (New York Surrogate's Court, 2015)
Nearby Sections
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§ 7-1.14
Who may make a lifetime trust§ 7-1.18
Funding of lifetime trustCite This Page — Counsel Stack
Bluebook (online)
New York § 7-5.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/EPT/7-5.1.