Section 33: Fiduciary capacity
47 words·~1 min read·
/ma/part-i/title-xi/chapter-68/33A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 33. Every person soliciting, collecting or expending, for charitable purposes, contributions from the public, and every officer and employee of any such person concerned with the solicitation, collection or expenditure of such funds, shall be deemed to be a fiduciary and acting in a fiduciary capacity.