Massachusetts General Laws ch. 206 sec. 6 – Property subject to accountings
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Section 6. An executor or administrator with respect to personal property including the proceeds from any sale or mortgage of real estate, or a guardian, conservator or trustee with respect to real and personal property, shall be chargeable in his account with all such property of the estate coming to him and which is by law to be administered, although not included in the inventory; and with all interest, profit and income coming to him from the property.
Terms Used In Massachusetts General Laws ch. 206 sec. 6
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
- Trustee: A person or institution holding and administering property in trust.