Massachusetts H2105 allows municipalities to use prudent investor standards for managing trust funds.
Massachusetts H2105 amends the General Laws to authorize cities, towns, and districts to manage trust funds as a combined investment pool and invest these funds according to the Massachusetts Prudent Investor Act. This change allows for more flexible investment strategies while ensuring compliance with donor intent.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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