950 CMR, § 109.03

Current through Register 1538, January 3, 2025

Section 109.03 - Filing Declaration of Trust

The trustees of an association or trust shall file with the Division a copy of the Declaration of Trust. The clerks of the Division in their examination of the Declaration of Trust have been directed to check for the following information:

(a) Name of association or trust;

(b) Date of organization;

(c) Names and addresses of the trustees;

(d) Original signatures of all trustees;

(e) Principle place of business;

(f) Statement that beneficial interest is divided into transferable certificates of participation or shares;

(g) Ability to merge (if ability is so desired).

If the association or trust is organized under the laws of a state other than Massachusetts, then the Declaration of Trust shall include a clause indicating the association or trust is in compliance and will continue to comply with Massachusetts Law.

If none of the trustees list their address as a Massachusetts address, then the Declaration of Trust shall further include the name and address of a resident agent.

950 CMR, § 109.03