Vermont § 2401 - Definitions As used in this chapter: (1) “Act as fiduciary” or “acting as a fiduciary” means to: (A) accept or execute trusts, including to:

§ 2401. Definitions As used in this chapter: (1) “Act as fiduciary” or “acting as a fiduciary” means to: (A) accept or execute trusts, including to:

• (i) act as trustee under a written agreement; (ii) receive money or other property in its capacity as trustee for investment in real
  or personal property; (iii) act as trustee and perform the fiduciary duties committed or transferred to it by
  order of a court of competent jurisdiction; (iv) act as trustee of the estate of a deceased person; or (v) act as trustee for a minor or incapacitated person; (B) administer in any other fiduciary capacity real or tangible personal property; or (C) act pursuant to order of a court of competent jurisdiction as executor or administrator
  of the estate of a deceased person or as a guardian or conservator for a minor or
  incapacitated person. (2) “Company” means corporation or limited liability company. (3) “Independent trust company” means a company formed in this or any other state, that
  is chartered to act as a fiduciary or engages in a trust business, but is neither
  a depository institution nor a foreign bank as defined in Section 1(b)(7) of the International
  Banking Act of 1978. (4) “Trust business” means the holding out by a person to the public by advertising, solicitation,
  or other means that the person is available to act as a fiduciary in this or another
  state for hire or compensation. (Added 1997, No. 98 (Adj. Sess.), § 8b.)