Mass. Gen. Laws ch. 203A § 1A

Current through Chapter 223 of the 2024 Legislative Session

Section 203A:1A - Investments by national banking association or foreign corporation acting as fiduciary

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.

Mass. Gen. Laws ch. 203A, § 1A