Massachusetts § 62D Investment by city or town treasurer of money and securities received from commission; bond

Massachusetts Statutes

§ 62D — Investment by city or town treasurer of money and securities received from commission; bond

Massachusetts § 62D

Part IADMINISTRATION OF THE GOVERNMENT

Title XVIPUBLIC HEALTH

This text of Massachusetts § 62D (Investment by city or town treasurer of money and securities received from commission; bond) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 111, § 62D (2026).

Text

Section 62D. The city or town treasurer shall invest, reinvest and hold in the name of said commission any money or securities, or the proceeds thereof, received from said commission under the preceding section, and shall disburse the income or principal thereof on its order; provided, that no disposition of either income or principal shall be made which is inconsistent with the terms of the trust on which the property is held. The treasurer shall furnish a bond satisfactory to the commission for the faithful performance of his duties relative to such property.

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Section 62D. The city or town treasurer shall invest, reinvest and hold in the name of said commission any money or securities, or the proceeds thereof, received from said commission under the preceding section, and shall disburse the income or principal thereof on its order; provided, that no disposition of either income or principal shall be made which is inconsistent with the terms of the trust on which the property is held. The treasurer shall furnish a bond satisfactory to the commission for the faithful performance of his duties relative to such property.