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2018 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
Chapter 167 SUPERVISION OF BANKS
Section 6 Manner and form of books and accounts; manner of safeguard and deposit of money and securities
Universal Citation: MA Gen L ch 167 § 6 (2018)
Section 6. The commissioner may prescribe the manner and form of keeping the books and accounts of a bank and the extent to which they shall be audited. For a credit union, the commissioner may prescribe the manner of safeguarding its money and securities and may promulgate regulations under which a credit union may deposit its securities with savings banks, co-operative banks, trust companies or banking associations for safekeeping.
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