Massachusetts General Laws ch. 175F sec. 5 – Rights, obligations and responsibilities of fund and trustee
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Section 5. A fund and a trustee of such fund shall have the rights and shall be subject to the legal responsibilities and obligations applicable to a trust and trustee under the General Laws, except to the extent such rights, obligations and responsibilities are in conflict with this chapter.
Terms Used In Massachusetts General Laws ch. 175F sec. 5
- Trustee: A person or institution holding and administering property in trust.