§ 1 Establishment and administration of common trust fund
§ 1A Investments by national banking association or foreign corporation acting as fiduciary
§ 2 Fiduciary consent
§ 3 Account of the administration of common trust fund; preparation and audit; proceeding for allowance of account
§ 4 Construction
§ 5 Citation
§ 6 Severability
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Terms Used In Massachusetts General Laws > Chapter 203A - Uniform Common Trust Fund Act

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiduciary: A trustee, executor, or administrator.
  • Probate: Proving a will
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.