reglab/housing_qa huggingface dataset:
MA Gen L ch 203 § 2 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203 - Trusts|Section 2 - Record of Trust; Notice

Section 2. If a trust concerning land is created or declared by such instrument, the recording of the instrument, or of a certificate conforming to the requirements of section 35 of chapter 184, in the registry of deeds or the registration office of the land court, in either case for the county or district where the land lies, shall be equivalent to actual notice to every person claiming under a conveyance, attachment or execution thereafter made or levied.
MA Gen L ch 203 § 3 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203 - Trusts|Section 3 - Purchasers Without Notice

Section 3. No trust concerning land, whether implied by law or created or declared by the parties, shall defeat the title of a purchaser for a valuable consideration without notice of the trust, or prevent a creditor who has no notice of the trust from attaching the land or from taking it on execution as if no such trust existed.
MA Gen L ch 203 § 3a (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203 - Trusts|Section 3a - Trusts for Benefit of Employees; Rule Against Perpetuities

Section 3A. A trust created by an employer as part of a stock bonus, pension, disability, death benefit or profit sharing plan for the benefit of some or all of his employees, to which contributions are made by the employer or employees, or both, for the purpose of distributing to the employees the earnings or the principal, or both earnings and principal, of the fund held in trust, may continue in perpetuity or for such time as may be necessary to accomplish the purpose for which it is created, and shall not be invalid as violating any rule of law against perpetuities or suspension of the power of alienation of the title to property.
MA Gen L ch 203 § 4 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203 - Trusts|Section 4 - Testamentary Trustee; Appointment

Section 4. If a testator has omitted in his will to appoint a trustee in this commonwealth and such appointment is necessary to carry into effect the provisions of the will, the probate court may, after notice to all persons interested, appoint a trustee who shall have the same powers, rights and duties and the same title to the estate as if originally appointed by the testator.
MA Gen L ch 203 § 4a (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203 - Trusts|Section 4a - Definitions Applicable to This Section and Sec. 4b

Section 4A. The following words as used in this section and section four B shall, unless the context otherwise requires, have the following meanings:—  ''Customer''—any resident of this commonwealth, who engages in trust business with, or enters into discussions or correspondence creating a trust business relationship with a fiduciary, or where such relationship arises from a revision or amendment of an existing trust relationship involving any material change in matters subject to disclosure under this section and section four B except in such cases where the resulting fiduciary functions are to be performed without compensation.  ''Trust business''—any activity conducted by an executor of a will or codicil, an administrator with the will annexed, an administrator of the estate of any person, a guardian, a conservator, or a trustee under a will or instrument creating a trust for the care and management of property, while he is acting in such a fiduciary capacity.  ''Fiduciary''—as used in this section refers to any corporation, bank, trust company or individual who charges compensation for its or his services while acting in any of the capacities set forth in the paragraph defining ''Trust Business'', and whose gross annual compensation from all such fiduciary services is in excess of twenty-five thousand dollars for each of the three next immediate preceding taxable years.  ''Trust company''—any trust company incorporated in the commonwealth and any corporation or association which acts as a corporate fiduciary or trustee within the commonwealth.
MA Gen L ch 203 § 40 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203 - Trusts|Section 40 - Trusts for the Benefit of Creditors; Validity of Certain Acts of Trustees; Insolvency Proceedings

Section 40. If a debtor residing in the commonwealth has made an assignment to a trustee for the benefit of his creditors, the acts of the trustee thereunder in protecting and caring for the property and converting it into money, if done in good faith and with reasonable judgment and discretion, shall, subject to the following section, be valid notwithstanding subsequent proceedings in insolvency by or against the debtor, and the assignee in insolvency shall, if such assignment is avoided by him, recover the net amount of money received for, or the price of, the property sold and converted by such trustee instead of the property itself.
MA Gen L ch 203 § 41 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203 - Trusts|Section 41 - Trusts for the Benefit of Creditors; Validity of Certain Acts of Trustees; Requirements; Fees; Statement of Trustee

Section 41. The preceding section shall not apply to the acts of such trustee unless the assignment conveys all the property and estate of the debtor wherever situated, either within or without the commonwealth, not exempt from attachment by the laws thereof, and provides for its distribution in substantial conformity with chapter two hundred and sixteen; nor unless a majority in number and value of the creditors, whose claims are neither secured nor preferred by said chapter, have assented in writing to the assignment; nor unless the trustee, before proceeding to act and immediately on the acceptance of his trust, gives written notice by mail or otherwise to all known creditors of the debtor of such assignment and his acceptance thereof, and deposits with the clerk of the city or town where the principal business of the debtor is carried on a copy of such assignment, which shall be filed and indexed by said clerk upon receiving the fee provided by clause (1) of section thirty-four of chapter two hundred and sixty-two.  The provisions of section forty shall not apply to the acts of such trustee unless the assignment provides, in cases where the assets or liabilities exceed five thousand dollars, that the trustee shall furnish to all assenting creditors and to all other creditors having claims in excess of three hundred dollars, at least fifteen days before distribution of any assets, a statement in writing indicating, the total assets of the trust, the total liabilities of the trust, and administrative costs, trustee's fees, legal fees, and other miscellaneous expenses.  Such statement shall also contain an affidavit of the debtor that the total assets shown therein constitutes all his property and estate wherever situated, either within or without the commonwealth, which is not exempt from attachment.
MA Gen L ch 203 § 42 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203 - Trusts|Section 42 - Trusts for the Benefit of Creditors; Termination of Trust

Section 42. If, upon petition or otherwise, the probate court for the county where letters testamentary or of administration have been granted on the estate of a deceased person finds that such person in his lifetime made a conveyance of real estate in the commonwealth in trust for the benefit of his creditors, and the trustee certifies that all the debts secured by such conveyance and due to persons other than himself have been paid or otherwise adjusted to the satisfaction of the creditors so far as known and that he desires to settle his trust account and to terminate the trust, the court shall appoint a time and place for hearing all persons interested in such trust, of which notice shall be given by publication in a newspaper published in the county, or otherwise, as the court orders. Upon such hearing the court may terminate the trust so far as the creditors and persons claiming under them are concerned, may discharge such real estate from the trust, may settle the trust account, and make any further order as to the disposition, distribution or partition of the remaining trust estate, consistent with the provisions of the original instrument creating the trust. This section shall not apply to any case where the instrument creating the trust does not bear date more than six years previous to the time appointed for the hearing; nor shall it affect the operation of the insolvent laws of the commonwealth.
MA Gen L ch 203a § 1 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203a - Uniform Common Trust Fund Act|Section 1 - Establishment and Administration of Common Trust Fund

Section 1. Any individual, corporation or association qualified to act as fiduciary in this state may establish common trust funds for the purpose of furnishing investments to itself as fiduciary or to itself and others, as co-fiduciaries; and may, as such fiduciary or co-fiduciary, invest funds which it lawfully holds for investment in interests in such common trust funds, if such investment is not prohibited by the instrument, judgment, decree or order creating such fiduciary relationship. Each such common trust fund shall be administered in accordance with a written declaration of trust which shall have been filed in the registry of probate in the county in which such individual, corporation or association resides or has his or its principal place of business, and such written declaration may provide that premiums paid on the purchase of interest bearing securities need not be amortized.
MA Gen L ch 203a § 1a (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203a - Uniform Common Trust Fund Act|Section 1a - Investments by National Banking Association or Foreign Corporation Acting as Fiduciary

Section 1A. Any national banking association or foreign corporation either alone or in conjunction with one or more other persons acting with it in a fiduciary capacity having qualified as fiduciary in this state pursuant to the provisions of section forty-three of chapter one hundred and sixty-seven, may invest any funds held by it as such fiduciary in any common trust fund which it maintains according to the laws of the state where its principal place of business is located, provided the instrument, judgment, decree or order creating such fiduciary relationship, does not specifically or otherwise prohibit such investment.
MA Gen L ch 203a § 2 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203a - Uniform Common Trust Fund Act|Section 2 - Fiduciary Consent

Section 2. If the individual, corporation or association maintaining a common trust fund holds property as a fiduciary together with a co-fiduciary or co-fiduciaries, investment of such property in participations in a common trust fund may be made only with the written consent of such co-fiduciary or co-fiduciaries and shall be withdrawn upon the written request of any such co-fiduciary.
MA Gen L ch 203a § 3 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203a - Uniform Common Trust Fund Act|Section 3 - Account of the Administration of Common Trust Fund; Preparation and Audit; Proceeding for Allowance of Account

Section 3. An account of the administration of each common trust fund shall be prepared annually and shall be audited by an independent certified public accountant and a copy of the account and the audit report shall be made available to any interested party upon written request, free of charge. A fiduciary may file an application for allowance of any such account, but shall not be required to file such application unless ordered by said probate court on motion of any interested party to such account or on motion of the court. A proceeding for the allowance of an account brought pursuant to this chapter in the probate and family court department of the trial court may be initiated by filing a petition and giving notice as provided under sections 1–401 and 1–403 of chapter 190B and section 1–404 of said chapter 190B shall apply to such proceeding. The allowance of any such account shall be conclusive as to all matters shown therein upon all persons then or thereafter interested in the funds invested in said common trust fund.
MA Gen L ch 203a § 4 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203a - Uniform Common Trust Fund Act|Section 4 - Construction

Section 4. This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it.
MA Gen L ch 203a § 5 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203a - Uniform Common Trust Fund Act|Section 5 - Citation

Section 5. This chapter may be cited as the Uniform Common Trust Fund Act.
MA Gen L ch 203a § 6 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203a - Uniform Common Trust Fund Act|Section 6 - Severability

Section 6. If any provision of this chapter or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect the other provisions or applications of the chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are declared to be severable.
MA Gen L ch 203b § 1 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203b - Uniform Custodial Trust Act|Section 1 - Definitions

Section 1. This chapter shall be known as and may be cited as the Massachusetts Uniform Custodial Trust Act.  As used in this chapter the following words shall, unless the context requires otherwise, have the following meanings:  ''Adult'', an individual who is at least eighteen years of age.  ''Beneficiary'', an individual for whom property has been transferred to or held under a declaration of trust by a custodial trustee for the individual's use and benefit under this chapter.  ''Conservator'', a person appointed or qualified by a court to manage the estate of an individual or a person legally authorized to perform substantially the same functions.  ''Court'', the probate and family court.  ''Custodial trust property'', an interest in property transferred to or held under a declaration of trust by a custodial trustee under this chapter and the income from and proceeds of such interest.  ''Custodial trustee'', a person designated as trustee of a custodial trust under this chapter or a substitute or successor to the person so designated.  ''Guardian'', a person appointed or qualified by a court as a guardian of an individual, including a limited guardian, but not a person who is only a guardian ad litem.  ''Incapacitated'', lacking the ability to manage property and business affairs effectively by reason of mental illness, mental deficiency, physical illness or disability, chronic use of drugs, chronic intoxication, confinement, detention by a foreign power, disappearance, minority, or other disabling cause.  ''Legal representative'', a personal representative or conservator.  ''Member of the beneficiary's family'', a beneficiary's spouse, descendant, stepchild, parent, stepparent, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.  ''Person'', an individual, corporation, business trust, estate, trust, partnership, joint venture, association, or any other legal or commercial entity.  ''Personal representative'', an executor, administrator, or special administrator of a decedent's estate, a person legally authorized to perform substantially the same functions, or a successor to any of them.  ''State'', a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico.  ''Transferor'', a person who creates a custodial trust by transfer or declaration.  ''Trust company'', a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.
MA Gen L ch 203b § 2 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203b - Uniform Custodial Trust Act|Section 2 - Creation; Termination; Augmentation of Trust Property; Designation of Successor Trustee

Section 2. (a) A person may create a custodial trust of property by a written transfer of the property to another person, evidenced by registration or by other instrument of transfer, executed in any lawful manner, naming as beneficiary, an individual who may be the transferor, in which the transferee is designated, in substance, as custodial trustee under this chapter.  (b) A person may create a custodial trust of property by a written declaration, evidenced by registration of the property or by other instrument of declaration executed in any lawful manner, describing the property and naming as beneficiary an individual other than the declarant, in which the declarant as titleholder is designated, in substance, as custodial trustee under this chapter. A registration or other declaration of trust for the sole benefit of the declarant shall not constitute a custodial trust under this chapter.  (c) Title to custodial trust property shall be in the custodial trustee and the beneficial interest shall be in the beneficiary.  (d) Except as provided in subsection (e), a transferor may not terminate a custodial trust.  (e) The beneficiary, if not incapacitated, or the conservator of an incapacitated beneficiary, may terminate a custodial trust by delivering to the custodial trustee a writing signed by the beneficiary or conservator declaring the termination. If not previously terminated, the custodial trust shall terminate on the death of the beneficiary.  (f) Any person may augment existing custodial trust property by the addition of other property pursuant to this chapter.  (g) The transferor may designate, or authorize the designation of, a successor custodial trustee in the trust instrument.  (h) This chapter shall not displace or restrict other means of creating trusts. A trust whose terms do not conform to this chapter may be enforceable according to its terms under other law.
MA Gen L ch 203b § 3 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203b - Uniform Custodial Trust Act|Section 3 - Designation as Substitute or Successor Custodial Trustees

Section 3. (a) A person having the right to designate the recipient of property payable or transferable upon a future event may create a custodial trust upon the occurrence of the future event by designating in writing the recipient, followed in substance by: ''as custodial trustee for ___ (name of beneficiary) under the Massachusetts Uniform Custodial Trust Act.''  (b) Persons may be designated as substitute or successor custodial trustees to whom the property shall be paid or transferred in the order named if the first designated custodial trustee is unable or unwilling to serve.  (c) A designation under this section may be made in a will, a trust, a deed, a multiple-party account, an insurance policy, an instrument exercising a power of appointment, or a writing designating a beneficiary of contractual rights. Otherwise, to be effective, the designation shall be registered with or delivered to the fiduciary, payor, issuer, or obligor of the future right.
MA Gen L ch 203b § 4 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 203b - Uniform Custodial Trust Act|Section 4 - Custodial Trustee's Acceptance

Section 4. (a) Obligations of a custodial trustee, including the obligation to follow directions of the beneficiary, shall arise under this chapter upon the custodial trustee's acceptance, express or implied, of the custodial trust property.  (b) The custodial trustee's acceptance may be evidenced by a writing stating in substance:  CUSTODIAL TRUSTEE'S RECEIPT AND ACCEPTANCE  I, ___ (name of custodial trustee) acknowledge receipt of the custodial trust property described below or in the attached instrument and accept the custodial trust as custodial trustee for ___ (name of beneficiary) under the Massachusetts Uniform Custodial Trust Act. I undertake to administer and distribute the custodial trust property pursuant to the Massachusetts Uniform Custodial Trust Act. My obligations as custodial trustee are subject to the directions of the beneficiary unless the beneficiary is designated as, is, or becomes incapacitated. The custodial trust property consists of ___  Dated ______________________________________  ____________________________________________  (Signature of Custodial Trustee)  (c) Upon accepting custodial trust property, a person designated as custodial trustee under this chapter shall be subject to personal jurisdiction of the court with respect to any matter relating to the custodial trust.