Section 2B. This section shall apply to a trust that is an investment company, as defined in the Investment Company Act of 1940, and that is registered thereunder with the United States Securities and Exchange Commission.
A trustee of a trust who with respect to the trust is not an interested person, as defined in said Investment Company Act of 1940, shall be deemed to be independent and disinterested when making any determination or taking any action as a trustee.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 182 - Voluntary Associations and Certain Trusts
Section 2a - Names of or Similar to Other Businesses; Enjoining Violations
Section 2b - Investment Company Trust; Trustee
Section 4 - Trusts Owning or Controlling Certain Public Utilities; Annual Statement
Section 5a - Trusts; Professional Relationships
Section 6 - Suits Against Associations or Trusts; Seals
Section 9 - Refusal to Submit to Investigation or Examination
Section 10 - Jurisdiction in Equity
Section 11 - Application of Chapter to Rates or Services
Section 13 - Examination of Report; Approval; Endorsement; Filing; Fee