- 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 involved in the management of the business, the investors stand to lose only their investment and are not personally liable for any debts of the trust.
Business law dictionary. 2015.
Look at other dictionaries:
Massachusetts trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. Massachusetts trust … 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 — 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
Massachusetts Institute of Technology — Motto Mens et Manus Motto in English Mind and Hand … Wikipedia