Massachusetts trust
Defined in 2 dictionaries — Case Law, Cyclopedic (1922)
Definitions from Case Law
From 277 U.S. 537 - Hemphill v. Orloff · 1928Most cited · 143 citing opinions
Whether a given association is called a corporation, partnership, or trust, is not the essential factor in determining the powers of a state concerning it. The real nature of the organization must be considered. If clothed with the ordinary functions and attributes of a corporation, it is subject to similar treatment.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A trust created for the operation and conduct of a business enterprise; also known as common law companies, and business trusts.