Massachusetts Trust

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Massachusetts Trust

A trust whereby the trustee or trustees run a business on behalf of beneficiaries. That is, the trustees act as the managers and the beneficiaries act as shareholders. Beneficiaries may sell their position as beneficiaries. The trustees own all property associated with the business. Income from a Massachusetts trust may be taxed more favorably than other income. The term derives from the first such trust, which was formed in Massachusetts in the late 19th century to avoid local real estate regulation. It is also called a business trust or an unincorporated business organization.
References in periodicals archive ?
This is SGX's first golf course business trust, and it demonstrates the flexibility of our product structure for fund raising by different types of suitable assets.
1 billion, Accordia Golf Trust brings the total number of SGX Business Trusts to 19 with a combined market capitalisation of more than S$22 billion.
Mr Canning Fok, Chairman of the Trustee-Manager, said, "This is a key milestone for the Hutchison group and we are very excited to list the first container port business trust in Singapore.
The listing of HPH Trust bears evidence to the efficacy of SGX business trust as a capital raising vehicle for businesses with substantial assets.
According to the complaint, Michael Cimini is the president, treasurer and a director of Yankee Spirits, while Donald Cimini is secretary and a director of Yankee Spirits and has no ownership interest in YSI Business Trust or Yankee Spirits.
Muratore's ownership interests in the Yankee Spirit Business Trust.
Angela, who has been supported by the business trust, performed her first single at the launch at the Tunnel club in Glasgow.
BT Scotland is investing pounds 45,000 in the scheme, operated by the Prince's Scottish Youth Business Trust.
Equipment or service trust: The equipment or service trust is formed to hold equipment rented or leased to the business trust at inflated rates.
The Brascan SoundVest Focused Business Trust is an actively managed investment fund, whose investment objective is to provide unitholders of the Fund with a stable stream of monthly distributions, and maximize long-term total return to unitholders.
Jennette joined the bank in 1987 as a senior vice president for Business Trust Services.
The Tax Court also found that the transfer of assets to the business trusts satisfied the requirement for full and adequate consideration in money or money's worth following the reasoning in Bongard:
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