Skip to Content

General Laws

Click to PrintPrint Page

Section 1Definitions
Section 2Powers
Section 3Deposits received; limitations
Section 4Share deposits
Section 5Joint accounts
Section 5ALimited access deposit accounts
Section 6Deposits in trust for other persons
Section 7Payments to minors
Section 8Time deposits
Section 9Club deposits
Section 10Repealed, 2004, 461, Sec. 14
Section 11Shade Tree and Cemetery Accounts
Section 12Loans guaranteed by Massachusetts higher education assistance corporation
Section 13Return of depositor’s vouchers
Section 14Advance advertisement of interest or dividend rate
Section 15Advertisement and payment of interest; rules and regulations
Section 16Withdrawal of savings deposits
Section 17Agreements to exculpate bank for unlawful payment from deposit account
Section 18Lost, stolen or destroyed passbooks; payment or issuance of duplicate passbook
Section 19Transfer of depositor or shareholder funds as consequence of default of debt owed by depositor or shareholder to bank
Section 20Set off or recoupment by person indebted to bank
Section 21Collateral or security for deposit
Section 22Bank as depository of federal government funds
Section 23Registration and holding of stock or security in name of partnership or corporate nominee
Section 24Multiple claimants for deposited funds
Section 25Repealed, 1990, 506, Sec. 1
Section 26Reduction of deposit accounts where value of bank assets less than total deposits
Section 27Cancelled instruments provided upon request of depositor
Section 28Advertisements in language other than English
Section 29Employers to forward pension or retirement payments to bank
Section 30Designation of beneficiary for pension, profit-sharing, etc. plans
Section 31Recognition by bank of adverse claimants to deposits
Section 32Deposits from lessor acting as trustee for security deposits
Section 32ABank accounts for trust funds
Section 33Deposits of decedents; payment
Section 34Customer information; telephone service
Section 35Disclosure to account holders of policy relative to time period between deposit being made and its availability for withdrawal or use
Section 36Repayment by foreign branch bank of deposits; acts of war, impaired operation of civil authority, or closure of branch to prevent harm to employees or property