Massachusetts Trust

(redirected from Massachusetts business trust)
Also found in: Legal, Wikipedia.

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 ?
The Tower Mutual Funds (the Trust) is an open-end management company that was established as a Massachusetts business trust under a Declaration of Trust dated April 8, 1988.
Originally a Maryland corporation, The Reserve was re-organized in 1986 as a Massachusetts business trust ("The Trust").
Regions Funds was formed as a Massachusetts business trust in October 1991 and was formally called the First Priority Funds until May 1998.
Stone Harbor Investment Funds was organized on February 20, 2007 as a Massachusetts Business Trust.
RHR is organized as a Massachusetts business trust with transferable shares.
RPT is a private Massachusetts business trust which provides SDG an interest in 12 high quality regional malls totaling approximately 12 million square feet of gross leasable space.
The Board of Trustees of the HighMark Funds and the Board of Directors of the Bailard Opportunity Fund Group have approved an agreement pursuant to which the Bailard International Equity Fund, Cognitive Value Fund and Enhanced Growth Fund (the "Former Funds") will transfer all of their assets and identified liabilities to three newly-established series of HighMark Funds, a Massachusetts business trust (the "Successor Funds").
SDG"), has completed its tender offer for all of the outstanding beneficial interests (the "Shares") of The Retail Property Trust, a private Massachusetts business trust ("RPT"), at $19-3/8 per Share.
The Fund is a non-diversified closed-end management investment company organized as a Massachusetts business trust.
10, 1999--Colonial Gas Company (NYSE:CLG) announced today that its shareholders have approved a proposal to merge with Eastern Enterprises (NYSE:EFU), a Massachusetts business trust.
SDG") has commenced a cash tender offer for all of the outstanding beneficial interests (the "Shares") of The Retail Property Trust, a private Massachusetts business trust ("RPT"), at a net price of $17.
The North Carolina Capital Management Trust is an open-end management investment company organized as a Massachusetts business trust.
Full browser ?