Massachusetts Trust
Barron's Business Dictionary:
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Massachusetts Trust
Business trust that confers limited liability on the holders of trust certificates; also called common law trust. It is a voluntary association of investors who transfer contributed cash or other property to trustees with legal authority to manage the business.
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West's Encyclopedia of American Law:
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Massachusetts Trust
This entry contains information applicable to United States law only.
A business arrangement that is used in place of a corporation or partnership in which trustees hold title to property for the advantage of beneficiaries for investment purposes.
A Massachusetts trust is another name for a common-law trust or a business trust, which offers its beneficiaries limited financial liability in transactions in which it engages.
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Common-Law Trust
(legal term)
Business Trust
(legal term)
Condominiums and Cooperatives
(legal term)
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