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.
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