2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 175f - Medical Malpractice Self-Insurance Trust Funds
Section 16 - Fund Declared to Be Charitable and Benevolent Institution; Exemption From Taxes

Universal Citation: MA Gen L ch 175f § 16 (2019)

Section 16. A fund is hereby declared to be a charitable and benevolent institution, and all of its assets shall be exempt from all and every state, county, district, municipal and school tax, if all of its participants qualify for exemption from federal taxes under 26 U.S.C. Section 501, or qualify for the exclusion from gross income provided under 26 U.S.C. Section 115.

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