Recently Asked Questions (RAQs)
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Displaying 1 - 1 of 1
Displaying 1 - 1 of 1
| Question | Submission Date |
|---|---|
| Public Library Investments and the “True Trust” Escape Hatch At a recent training held by my cooperative library system, I learned that all public library investments must be in accounts that meet the requirements of the General Municipal Law, unless they are in a “true trust.” What is a true trust, and if it turns out my public library has some stocks that aren’t allowed, can my library create a true trust so we can keep our stocks? |