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November 21, 2024 Rain | 45°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 33: Fiduciary capacity

Section 33. Every person soliciting, collecting or expending, for charitable purposes, contributions from the public, and every officer and employee of any such person concerned with the solicitation, collection or expenditure of such funds, shall be deemed to be a fiduciary and acting in a fiduciary capacity.