{"data":{"id":"us-ma/mass.-gen.-laws-ch.-175f-12","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 175F, § 12","heading":"Trust instrument provisions","body":"Section 12. The trust instrument may provide (a) that there shall be a minimum period during which any participant must participate in the fund; (b) that the fund may provide tail coverage to any participant which joins or withdraws from the fund; (c) that all participants shall execute a participation agreement; (d) that the trustee shall be free of all personal liability for his actions in good faith on behalf of the fund; and (e) that the trustee may be either an individual or an institution such as a bank, an insurance company or any other appropriate entity.","path":["Part I","Title XXII","Chapter 175F"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter175F/Section12","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:24:11Z","sha256":"8c90d5186a38427d7d2cda071d7e4b5b4d3fc22fc1ad3001c9b6d59b14f87434","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-175f-11","next":"us-ma/mass.-gen.-laws-ch.-175f-13"},"notice":"GroundRules: Original legal text. Not legal advice."}