Massachusetts § 16 Investments and management

Massachusetts Statutes

§ 16 — Investments and management

Massachusetts § 16

Part IADMINISTRATION OF THE GOVERNMENT

Title XXILABOR AND INDUSTRIES

Ch. 151DHEALTH, WELFARE AND RETIREMENT FUNDS

This text of Massachusetts § 16 (Investments and management) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 151D, § 16 (2026).

Text

Section 16. Trustees shall invest the funds of their pension plans and profit-sharing retirement plans and manage said affairs in accordance with the provisions contained in the instruments under which they are acting, or, in the absence of any such provisions shall invest the funds and manage fund affairs with the care under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.

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Section 16. Trustees shall invest the funds of their pension plans and profit-sharing retirement plans and manage said affairs in accordance with the provisions contained in the instruments under which they are acting, or, in the absence of any such provisions shall invest the funds and manage fund affairs with the care under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.

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Massachusetts § 16, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/151D/16.