Massachusetts § 12 Trust instrument provisions

Massachusetts Statutes

§ 12 — Trust instrument provisions

Massachusetts § 12

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 175FMEDICAL MALPRACTICE SELF–INSURANCE TRUST FUNDS

This text of Massachusetts § 12 (Trust instrument provisions) 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. 175F, § 12 (2026).

Text

Section 12. The trust instrument may provide (a) that there shall be a minimum period during which any participant must participate in the fund;

(b)that the fund may provide tail coverage to any participant which joins or withdraws from the fund;

(c)that all participants shall execute a participation agreement;

(d)that the trustee shall be free of all personal liability for his actions in good faith on behalf of the fund; and (e) that the trustee may be either an individual or an institution such as a bank, an insurance company or any other appropriate entity.

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Section 12. The trust instrument may provide (a) that there shall be a minimum period during which any participant must participate in the fund; (b) that the fund may provide tail coverage to any participant which joins or withdraws from the fund; (c) that all participants shall execute a participation agreement; (d) that the trustee shall be free of all personal liability for his actions in good faith on behalf of the fund; and (e) that the trustee may be either an individual or an institution such as a bank, an insurance company or any other appropriate entity.

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Bluebook (online)

Massachusetts § 12, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/175F/12.