§ 1 Prohibited acts of trusts
§ 2 Distributions of trusts
§ 3 Applicability of Secs. 1 and 2
§ 4 Prohibited acts of corporations
§ 5 Distributions of corporations
§ 6 Applicability of Secs. 4 and 5
§ 7 Rights and powers of courts and attorney general unimpaired
§ 8 References to Internal Revenue Code

Terms Used In Massachusetts General Laws > Chapter 68A - Limitations Upon the Conduct of Certain Trusts and Corporations Having Charitable Interests

  • 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.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.