Mass. Gen. Laws ch. 114 § 5C

Current through Chapter 118 of the 2024 Legislative Session
Section 114:5C - Fiduciary duty

The corporation and its officers shall owe a fiduciary duty to a contributor to the trust fund, his heirs and legal representatives to hold and expend the funds strictly consistent with the purposes of section 5. A contributor to the trust fund, his heirs and legal representatives who were required to invest in the trust fund as a condition of purchasing a right of burial shall have all rights and protections of chapter 110A.

Mass. Gen. Laws ch. 114, § 5C

Added by Acts 2004, c. 177, § 3, eff. 10/13/2004.