Section 7-103 Effect of trusteeship - Massachusetts Statutes

[Text of section added by 2008, 521, Sec. 9 effective July 1, 2011. See 2008, 521, Sec. 44.]

Section 7-103. [Effect of Trusteeship.]

(a) By accepting the trusteeship of a trust, the trustee submits personally to the jurisdiction of the court in any proceeding under section 7-201 of this code relating to the trust that may be initiated by any interested person. Notice of any proceeding shall be delivered to the trustee, or mailed to the trustee by ordinary first class mail at the trustee’s address as reported to the court and to the trustee’s address as then known to the petitioner.

(b) To the extent of their interests in the trust, all beneficiaries of a trust administered in the commonwealth are subject to the jurisdiction of the court of the commonwealth for the county in which is located the principal place of administration of the trust, for the purposes of proceedings under section 7-201, provided notice is given pursuant to section 1-401.