Section 34. Any organization organized under the laws of the commonwealth, if eligible for membership, may become a member of The Common Fund for Nonprofit Organizations, a New York nonprofit membership corporation authorized under section eight E of chapter twelve to operate in the commonwealth and organized to aid and strengthen such corporations, community chests, funds and foundations as are organized and operated exclusively for nonproprietary and nonprofit-making purposes and otherwise eligible for membership by providing means for the investment of their funds in shares or interests in one or more common funds. Any such organization may, either as fiduciary or otherwise, and in addition to any other lawful investment, invest any part or all of the funds which it holds for investment in shares or interests in a common fund or funds established by The Common Fund for Nonprofit Organizations; provided, however, that in the case of funds held as fiduciary, such investment is not prohibited by the language of the will, deed or other instrument creating the fiduciary relationship.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XI - Certain Religious and Charitable Matters
Chapter 68 - Donations and Conveyances for Pious and Charitable Uses
Section 1 - Corporate Bodies, Church Officers As
Section 2 - Corporate Bodies; Status of Ministers and Lay Officials
Section 3 - Management of Trusts; Appointment of Trustees; Rules and Regulations
Section 4 - Corporate Bodies, Trustees As
Section 5 - Succession of Parsonage Land
Section 6 - Regulation of Conveyances of Church Land
Section 7 - Conveyance of Land by Minister
Section 8 - Committees to Settle Accounts of Officers
Section 10 - Overseers or Trustees of Monthly Meeting of Quakers as Corporation
Section 11 - Monthly Meeting of Quakers; Appointment of Trustees; Powers and Duties
Section 12 - Unincorporated Religious Societies; Powers
Section 13 - Reports of Trustees
Section 14 - Removal of Trustees
Section 16 - Regulation of Solicitation of Funds for Charitable Purposes on Public Ways
Section 18 - Definitions Applicable to Secs. 18 to 35
Section 19 - Registration of Charitable Organization; Filing of Statement; Contents
Section 19a - Designation as Veterans' Charitable Organization
Section 20 - Exemption From Registration
Section 23 - Solicitation Disclosures
Section 25 - Records; Public Inspection
Section 27 - Reciprocal Agreements
Section 28 - Deceptive Practices Prohibited
Section 29 - Rules and Regulations
Section 30 - Investigation of Violations
Section 31 - Foreign Organizations or Persons; Service of Process
Section 32 - Violations; Revocation of Registration; Fines and Penalties; Injunctions
Section 33 - Fiduciary Capacity
Section 34 - Common Fund for Nonprofit Organizations; Membership; Investments
Section 35 - Paid Solicitations and Solicitors; Violations; Fine