Massachusetts § 17B - Trust funds; receipt, disbursement and investment
Full text of Massachusetts Massachusetts General Laws § 17B — Trust funds; receipt, disbursement and investment, with citation guidance and answers to common questions.
§ 17B. Trust funds; receipt, disbursement and investment
Section 17B. The state treasurer may receive the principal of any funds given or bequeathed to the commonwealth or to any department, office, commission, board or institution where there is no specific statutory authority to receive said fund; provided, however, that acceptance of said fund shall be subject to the approval of the governor. Upon request of the agency the state treasurer shall, subject to appropriation, expend the income of the fund, and such parts of the principal as may be subject to the control of the agency, in such manner as the agency may direct, subject to any condition affecting the administration thereof. Such funds shall be invested safely by the state treasurer, and he shall be responsible for the faithful management of the same to the same extent that he is responsible for other funds held by him.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 17B
What does Massachusetts General Laws § 17B cover?
Section 17B ("Trust funds; receipt, disbursement and investment") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 17B?
A common citation format is "Massachusetts General Laws § 17B" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 17B apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.