Massachusetts trust
- A business-oriented legal trust where investors give management power to a trustee and obtain trust certificates representing their investment. However, as they are not involved in management, these investors are not personally responsible for any debt the trust incurs
- His investments in a Massachusetts trust provided him with trust certificates while freeing him from personal liabilities.
- They established a Massachusetts trust, appointing a competent trustee to manage it.
- Despite not being in Massachusetts, they set up a Massachusetts trust, mimicking a limited partnership.
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