Massachusetts · statute · Mass. Gen. Laws ch. 182 · 16 active provisions
Section 1. The following words, as used in this chapter, shall, except as otherwise expressly provided in section two A, have the following meanings: ''Association'', a voluntary association under a written instrument or declaration of trust, the beneficial interest under which is divided into transferable certificates…
Section 2. The trustees of an association or trust shall file a copy of the written instrument or declaration of trust creating it with the secretary and with the clerk of every city or town where such association or trust has a usual place of business. The fee for filing said copy with the secretary shall be determine…
Section 2A. No association or trust shall assume the name of any corporation established under the laws of the commonwealth, or of a corporation, firm, or association or trust whether or not as defined in section one, or of an individual, carrying on business in the commonwealth at the time when the association or trus…
Section 2B. This section shall apply to a trust that is an investment company, as defined in the Investment Company Act of 1940, and that is registered thereunder with the United States Securities and Exchange Commission. A trustee of a trust who with respect to the trust is not an interested person, as defined in said…
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 ins…
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 f…
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…
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 7. The department may by its members or duly authorized employees investigate and examine the books, accounts, contracts, records and memoranda of the trustees of any association or trust, who own or hold the capital stock or any part thereof of a railroad, street railway, electric railroad or elevated railway…
Section 8. The department may by its members or duly authorized employees investigate and examine the books, accounts, contracts, records and memoranda of any partnership, express trust, voluntary association or corporation which is under the same ownership, control or management as a railroad, street railway, electric…
Section 9. 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, or a partnership or corporation or the trustees of an express trust or voluntary association, described in sections seven and eight, w…
Section 10. The supreme judicial court shall have jurisdiction in equity to enforce compliance with the three preceding sections, and with all orders of the department made under authority thereof.
Section 11. Nothing contained in this chapter shall be construed as authorizing, requiring or justifying the department in making any recommendations, rulings or orders with respect to the rates charged or the service furnished by any corporation subject to its supervision, to take into consideration in any respect wha…
Section 12. Every association or trust shall annually on or before June first file with the state secretary a report signed under the penalties of perjury by its trustees stating (a) the name of the association or trust; (b) the location (with street address) of its principal office in this commonwealth and elsewhere i…
Section 13. The state secretary shall examine such report, and if he finds that it conforms to the requirements of this chapter, he shall endorse his approval thereon, and upon the payment of a fee to be determined annually by the commissioner of administration under the provision of section three B of chapter seven sh…
Section 14. If the trust or association fails to file its report within the time required by law, the state secretary shall give notice by mail, postage prepaid, to such trust or association in default. If the trust or association omits to file such report within thirty days after such notice of default has been given,…