North Dakota Century Code Title 59. Trusts § 59-09-02. Scope

a. A trust account established under a qualified tuition savings program pursuant to section 6-09-38.

b. Trust accounts maintained on behalf of clients or customers by licensed service professionals, including trust accounts maintained by attorneys pursuant to the North Dakota Rules of Professional Conduct and by real estate brokers pursuant to chapter 43-23.

c. An endowment care fund established by a cemetery authority pursuant to chapter 23-21.

d. Funds maintained by public bodies as defined by chapter 1-07 or other governmental unit entities.

e. Trust funds held for a single business transaction or an escrow arrangement.

f. Trusts created by a depository agreement with a financial institution.

g. An account maintained under the North Dakota Uniform Transfers to Minors Act as contained in chapter 47-24.1.

h. A fund maintained pursuant to court order in conjunction with a bankruptcy proceeding or a business liquidation.

i. A voting trust described in chapter 10-19.1.

j. Funds maintained to manage proceeds from class actions.

k. A trust created solely to secure the performance of an obligation.

l. A trust created on behalf of a resident of a residential facility.

m. A trust managed by a nonprofit association for disabled individuals under 42 U.S.C. 1396p(d)(4), as in effect on the effective date of chapters 59-09, 59-10, 59-11, 59-12, 59-13, 59-14, 59-15, 59-16, 59-17, 59-18, and 59-19 and under the rules adopted by the department of health and human services.

n. A resulting or constructive trust.