Section 5C: Cemetery corporations; fiduciary duty owed to contributors to trust fund
76 words·~1 min read·
/ma/part-i/title-xvi/chapter-114/5c·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 5C. The corporation and its officers shall owe a fiduciary duty to a contributor to the trust fund, his heirs and legal representatives to hold and expend the funds strictly consistent with the purposes of section 5. A contributor to the trust fund, his heirs and legal representatives who were required to invest in the trust fund as a condition of purchasing a right of burial shall have all rights and protections of chapter 110A.