Massachusetts · statute · Mass. Gen. Laws ch. 184B · 4 active provisions
Section 1. The terms defined in this chapter may be used in any will or trust and, except as otherwise provided in the instrument, shall have the full force, meaning and effect of the words by which they are so defined. Adoption or employment in substance of a defined term in such instrument shall be a sufficient incor…
Section 2. The following powers shall be known as the ''Statutory Optional Fiduciary Powers'' and may be given to the fiduciary in a will or trust by specific reference thereto in said will or trust in addition to all common law and other statutory powers: (1) Said fiduciary shall have the power without approval of any…
Section 3. The following discretionary powers, which shall be known as the ''Statutory Disability Discretionary Powers'', may be conferred by reference upon any fiduciary, and, unless otherwise provided in the instrument by which it is conferred, shall apply to all distributions to be made under the terms of the instru…
Section 4. The following discretionary powers, which shall be known as the ''Statutory Principal Discretionary Powers'', may be conferred by reference upon any fiduciary, and, unless otherwise provided in the instrument by which it is conferred, the term ''primary beneficiary'' in the statutory discretion shall mean ea…