"Express Trusts under the Common Law": Supplement, June 15, 1912 V. 1

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1 "Express Trusts under the Common Law": Supplement, June 15, 1912 1912

handle is hein.beal/exsstuclsup0001 and id is 1 raw text is: EXPRESS TRUSTS UNDER THE COMMON-LAW'
By Alfred D. Chandler, Esq.,
SUPPLEMENT.
June 15, 1912.
The Legislature of Massachusetts during its session
of 1912 has acted upon the Report of the State Tax Com-
missioner, made under Chapter 55, of the Resolves of 1911,
requiring him to investigate and report upon Voluntary
Associations, with a view to their prohibition or further
control and regulation, and two new laws have resulted,
neither of which prohibit Express Trusts or Voluntary
Associations.
One law (Chap. 595, Acts of 1912) authorizes corpora-
tions to be formed in Massachusetts to acquire, manage
and sell real estate, for a term not to exceed fifty years.
The other law (Chap. 113, of the Resolves of 1912) pro-
vides for a Commission to investigate the Holdings of
Voluntary Associations and Certain Corporations and
the Consolidation of Companies controlled by them, such
Investigation being specifically directed to certain public
utility Companies. ,
The Commission is to be composed of the Attorney
General, the Board of Railroad Commissioners, the Board
of Gas and Electric Light Commission, two members of
the Senate, and four members of the House of Represen-
tatives, and it is to report to the next General Court not
later than January 5th, 1913.
Otherwise Express Trusts whether for the administra-
tion of real estate or for industrial or commercial uses are
not affected.