Express Trusts Under the Common Law (Classic Reprint)

Book Synopsis: By chapter 55, Resolves of 1911, the Tax Commissioner of Massachusetts was directed to make an investigation of Voluntary Associations organized or doing business in that Commonwealth under a written instrument or declaration of trust, the beneficial interest under which is divided into transferable certificates of participation or shares, with a view to determining the present legal status of such Voluntary Associations and whether or not their prohibition or further control and regulation by that Commonwealth is advisable and in the public interest. The resolve is as follows: CHAPTER 55. RESOLVE TO PROVIDE FOR AN INVESTIGATION OF VOLUNTARY ASSOCIATIONS ORGANIZED OR DOING BUSINESS IN THIS COMMONWEALTH UNDER WRITTEN INSTRUMENTS OR DECLARATIONS OF TRUST. RESOLVED, That the tax commissioner is hereby authorized and directed to make an investigation of voluntary associations organized or doing business in this Commonwealth under a written instrument or declaration of trust, the beneficial interest under which is divided into transferable certificates of participation or shares, with a view to determining the present legal status of such voluntary associations, and whether or not their prohibition or further control and regulation by the Commonwealth is advisable and in the public interest. The attorney-general is hereby directed to give the tax commissioner such assistance as the latter may desire in making this investigation, and said commissioner may if he deems it advisable hold public hearings, after due notice, and shall consult with the board of railroad commissioners and the board of gas and electric light commissioners with especial reference to the effect of such voluntary associations upon the supervision and regulation of gas, electric light and street railway companies in this Commonwealth. The tax commissioner shall report the result of his invest

(Typographical errors above are due to OCR software and don't occur in the book.)

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