801 CMR 50.04
Declaration of Trust
The Declaration of Trust shall address the particular purposes for which the Expendable
Trust is created and shall include the following subject matters, as applicable:
(1) Establishment of the Expendable Trust;
(2) Name of Expendable Trust;
(3) Appointment of Trustee;
(4) Governance;
(5) Contributions to the Expendable Trust;
(6) Exclusive Purposes of the Expendable Trust;
(7) Payments from the Expendable Trust;
(8) Administrative Powers;
(9) Accounting;
(10) Amendments;
(11) Governing Law;
(12) Additional and Successor Trustees;
(13) Compensation of Trustees; and
(14) Termination.
The Secretary of Administration or the Comptroller may publish a template for a Declaration
of Trust.