Massachusetts General Laws > Chapter 94E – Provisions Concerning Certain Tobacco Manufacturers
Current as of: 2023 | Check for updates
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| § 1 | Definitions |
| § 2 | Financial obligations of tobacco manufacturers selling cigarettes to consumers within commonwealth |
Terms Used In Massachusetts General Laws > Chapter 94E - Provisions Concerning Certain Tobacco Manufacturers
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.