Massachusetts General Laws ch. 167G sec. 5 – Investment of funds or assets
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Section 5. Such bank in its trust department may invest the funds or assets which it may receive and hold in a fiduciary capacity in the same way, to the same extent, and under the same restrictions as an individual holding a similar position may invest such funds or assets.
Terms Used In Massachusetts General Laws ch. 167G sec. 5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.