Section 3 – Trusts Owning or Controlling Certain Public Utilities; Filing Copy of Declaration of Trust
Section 3. The trustees of an association or trust who own or control a majority of the capital stock of a railroad, street railway, electric railroad, elevated railway, gas, electric or water company, or corporation engaged in the common carriage of passengers by motor vehicle shall also file a copy of the written instrument or […]
Section 4 – Trusts Owning or Controlling Certain Public Utilities; Annual Statement
Section 4. The trustees of an association or trust who own or control a majority of the capital stock of a railroad, street railway, electric railroad, elevated railway, gas, electric or water company, or corporation engaged in the common carriage of passengers by motor vehicle shall annually on or before April first file with the […]
Section 5a – Trusts; Professional Relationships
Section 5A. If a trust is formed under this chapter for the purpose of rendering one or more professional services as defined in chapter one hundred and fifty-six A, the relationship between the trust or a trustee or employee thereof rendering professional service and the person receiving such service shall be the same as if […]
Section 6 – Suits Against Associations or Trusts; Seals
Section 6. An association or trust may be sued in an action at law for debts and other obligations or liabilities contracted or incurred by the trustees, or by the duly authorized agents of such trustees, or by any duly authorized officer of the association or trust, in the performance of their respective duties under […]
Section 29 – Local Regulation of Entertainments, Dances, Etc.
Section 29. Cities and towns may by ordinance or by-law regulate the conducting within their respective limits of entertainments, dances and other diversions and amusements not required by law to be licensed, including the hours of holding the same, by corporations which are subject to section twenty-six, and may affix penalties for breaches thereof not […]
Section 2 – Standard of Conduct in Managing and Investing an Institutional Fund
Section 2. (a) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund. (b) In addition to complying with the duty of loyalty imposed by law other than this […]
Section 3 – Appropriation for Expenditure or Accumulation of Endowment Fund; Rules of Construction
Section 3. (a) Subject to the intent of a donor expressed in the gift instrument, an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes and duration for which the endowment fund is established. Unless stated otherwise in the gift […]
Chapter 181 – Foreign Corporations
[Repealed, 2004, 65, Sec. 26.]
Section 4 – Delegation of Management and Investment of an Institutional Fund
Section 4. (a) Subject to any specific limitation set forth in a gift instrument or in other general or special law, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the circumstances. An institution shall act in good […]
Section 5 – Release or Modification of Restriction on Management, Investment, Duration or Purpose
Section 5. (a) If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument on the management, investment, duration or purpose of an institutional fund. A release or modification shall not allow a fund to be used for a purpose other […]