Massachusetts Trust

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Massachusetts Trust

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.

Massachusetts Trust

n. a business in which the investors give management authority to a trustee, and receive "trust certificates" representing their investments. Since they own only the certificates and do not participate in management, the investors can only lose their investment and are not personally liable for any debts of the trust. This is similar to a "limited partnership." A Massachusetts Trust is strictly a business entity and bears no relationship to a personal trust like living and testamentary trusts set up to manage and protect the assets of individuals and provide for eventual distribution.

References in periodicals archive ?
1 billion, Accordia Golf Trust brings the total number of SGX Business Trusts to 19 with a combined market capitalisation of more than S$22 billion.
8 billion, HPH Trustbrings the total number of SGX Business Trusts to 9 with a combined market capitalisation of about US$11.
2005-126-The Tax Court held that there were legitimate and significant nontax purposes for the formation of two Delaware business trusts that held substantial amounts of the stock of DuPont and Exxon.
At the meeting, unitholders voted to approve several amendments to the declaration of trust including changing the annual redemption month from October to November, limiting the number of investments to 75 of the largest business trusts as measured by market capitalization and several administrative matters.
This closed-end Fund allows unitholders to participate in returns on an actively managed and diversified portfolio of high income securities, which may include business trusts, resource trusts, REITs, utility trusts, dividend paying equities and other high-yielding securities.
This closed-end Fund will allow Unitholders to participate in returns on an actively managed and diversified portfolio of High Income Securities, which may include Business Trusts, Resource Trusts, REITs, Utility Trusts, Dividend Paying Equities and other High-Yielding Securities.
Additionally, Fitch Ratings is assigning 'BB' preferred stock ratings to INDB's two statutory business Trusts, Independent Capital Trust III and Independent Capital Trust IV.
The Brascan SoundVest Diversified Income Fund is an actively managed investment fund which invests in a diversified portfolio of business trusts, power generation and pipeline trusts, oil and gas royalty trusts, and REITS.
North Castle Custodial Trusts V and VII are separate Delaware business trusts sponsored by Lehman Brothers Inc.

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