Mass. Gen. Laws ch. 167 § 6

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 167:6 - Manner and form of books and accounts; safeguards; deposits

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.

Mass. Gen. Laws ch. 167, § 6

Amended by Acts 2014, c. 482,§ 18, eff. 4/7/2015.