Что (кто) такое Massachusetts trust - определение

TYPE OF COMPANY ALSO CALLED AN UNINCORPORATED BUSINESS ORGANIZATION

Unincorporated business organization; Massachusetts trust; Common-law trust; Common law business trust

Massachusetts Trust

n. a business in which the investors give management authority to a trustee and receive "trust certificates" representing their investments. Since they own only the certificates and do not participate in management, the investors can only lose their investment and are not personally liable for any debts of the trust. This is similar to a "limited partnership." A Massachusetts Trust is strictly a business entity and bears no relationship to a personal trust like living and testamentary trusts set up to manage and protect the assets of individuals and provide for eventual distribution.

Massachusetts business trust

A Massachusetts Business Trust (MBT) is a legal trust set up for the purposes of business, but not necessarily one that is operated in the Commonwealth of Massachusetts. They may also be referred to as an unincorporated business organization or UBO.

https://en.wikipedia.org/wiki/Massachusetts_business_trust

Trust (business)

LARGE GROUPING OF BUSINESS INTERESTS WITH SIGNIFICANT MARKET POWER; A LARGE CORPORATION, CORPORATE GROUP, OR TRADE ASSOCIATION THAT HOLDS A DOMINANT POSITION IN ITS SECTOR OF ACTIVITY

Trust (19th century); Trust (monopoly); Trust agreement; Trust-busting era

A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways. These ways can include constituting a trade association, owning stock in one another, constituting a corporate group (sometimes specifically a conglomerate), or combinations thereof.

https://en.wikipedia.org/wiki/Trust_(business)

Википедия

Massachusetts business trust

A Massachusetts Business Trust (MBT) is a legal trust set up for the purposes of business, but not necessarily one that is operated in the Commonwealth of Massachusetts. They may also be referred to as an unincorporated business organization or UBO. Business trusts may be established under the laws of other U.S. states.

Many businesses are formed as MBTs to mitigate taxation; mutual funds in the U.S. are often structured as MBTs, though sometimes they are organized as Maryland corporations (or other states such as Minnesota). More recently, a Delaware statutory trust or DST has become a popular form of organization, and many new funds have been organizing as DSTs and existing funds converting to DSTs. Since mutual funds are investment companies and not operating companies, many traditional corporation rules and requirements do not fit them well.

During much of the 20th century the tax laws and state regulations strongly favored corporate structures. Tightening laws near the end of the century resulted in the resurgence of the use of the UBO. For example, in 1985 the Scudder Capital Growth Fund, Inc., and Kemper Money Market Fund, Inc., changed their forms of organization from a corporation to a business trust.

https://en.wikipedia.org/wiki/Massachusetts business trust