type
Massachusetts trust
Massachusetts trusts (also known as common-law trusts, business trusts, or unincorporated business organizations) are a unique type of trust used by individuals to run a business outside the normal legal entities such as a corporation or partnership. Massachusetts trusts can be made in many states and in other countries, not just in Massachusetts.
master
A master is an antiquated term which referred to an employer and has since been supplanted by the latter term. A master is also a party in a relationship between a master and servant, which is now primarily referred to as the employment relationship.
master and servant
An antiquated term which describes the employment relationship within employment law and is sometimes used in agency law. This relationship can exist, for example, between an employer and employee or an employer and an independent contractor.
master trust
A master trust is an investment vehicle that pools assets for collective control and management. Similar to a pooled trust, the master trust refers to the central fund where assets are managed in a hub and spoke structure. For example, an employer can utilize a master trust structure to pool the investments in a pension or employee benefit plan.
material
Material means important information, generally significant enough to determine an issue. It can be used in the following contexts:
material witness
A witness who possesses information going to some fact that affects the merits of the case. Generally, the information the material witness possesses has strong probative value and few, if any, other witnesses possess the same information.
Matthew Shepard and James Byrd, Jr. Hate Crimes Prevention Act
Matthew Shepard and James Byrd Jr. Hate Crimes Prevention Act of 2009 was a rider to the National Defense Authorization Act for Fiscal Year 2010 that granted more authority for Federal investigations into hate crimes and provided funding for state and local investigations into hate crimes.
may
The word “may” is an expression of possibility, a permissive choice to act or not, and ordinarily implies some degree of discretion. This contrasts with the word “shall,” which is generally used to indicate a mandatory provision.