Massachusetts trust

Massachusetts trust
Massachusetts trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

Massachusetts trust
A legal trust set up for the purpose of doing business. 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 are not personally liable for any debts of the trust. Similar to a "limited partnership," a Massachusetts trust does not need to be set up in Massachusetts.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.


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.

Dictionary from West's Encyclopedia of American Law. 2005.


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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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.

Law dictionary. . 2013.

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Look at other dictionaries:

  • Massachusetts trust — A business organization wherein property is conveyed to trustees and managed for benefit of holders of certificates like corporate stock certificates. A Massachusetts business trust is an unincorporated association organized under Massachusetts… …   Black's law dictionary

  • Massachusetts trust — A business organization wherein property is conveyed to trustees and managed for benefit of holders of certificates like corporate stock certificates. A Massachusetts business trust is an unincorporated association organized under Massachusetts… …   Black's law dictionary

  • massachusetts trust — noun Usage: usually capitalized M : an unincorporated business organization managed like and sometimes treated as a corporation (as for tax purposes) and first popular in Massachusetts in which the business capital is held in trust under a… …   Useful english dictionary

  • Massachusetts Trust —    A form of limited partnership. A business in which the investors give management authority to a trustee and receive trust certificates or units documenting their investments. Because they are only owners of the certificates and are not… …   Business law dictionary

  • Massachusetts trust — style of business organization in which a property is managed by a trustee and investors buy trust units (similar to buying stock shares in a company) …   English contemporary dictionary

  • Massachusetts trust — Same as business trust …   Ballentine's law dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • Massachusetts business trust — Companies law Company  …   Wikipedia

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • trust estates as business companies — A practice originating in Massachusetts of vesting a business or certain real estate in a group of trustees, who manage it for the benefit of the beneficial owners; the ownership of the latter is evidenced by negotiable (or transferable) shares.… …   Black's law dictionary

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