Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Subdivision (g) of section 4 of chapter 201A of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by adding the following sentence:- Nothing contained herein shall prevent a custodian or a custodian's agent from registering custodial property in the name of a partnership or corporate nominee as provided in subsection 6 of section three of chapter one hundred and sixty-seven G, depositing custodial property in a securities depository or in a clearing corporation as provided in subsection 7 of said section three of said chapter one hundred and sixty-seven G, depositing custodial property with any federal reserve bank, as provided by subsection 8 of said section three of said chapter one hundred and sixty-seven G, or investing custodial property in a common trust fund established under the provisions of chapter two hundred and three A.