Massachusetts General Laws ch. 114 sec. 5 – Cemetery corporations; trust funds
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Section 5. Such corporation may hold funds in trust and apply the income thereof to the improvement or embellishment of the cemetery or to the care, preservation or embellishment of any lot or its appurtenances.
Terms Used In Massachusetts General Laws ch. 114 sec. 5
- 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.