Massachusetts § 54 Depositaries; insurance charge; commingling funds

Massachusetts Statutes

§ 54 — Depositaries; insurance charge; commingling funds

Massachusetts § 54

Part IADMINISTRATION OF THE GOVERNMENT

Title XXILABOR AND INDUSTRIES

Ch. 151AUNEMPLOYMENT INSURANCE

This text of Massachusetts § 54 (Depositaries; insurance charge; commingling funds) 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. 151A, § 54 (2026).

Text

Section 54. Except as otherwise provided in this chapter, moneys in the clearing and benefit accounts and the contingent fund may be deposited in any depositary bank in which general funds of the commonwealth may be deposited, but no public deposit insurance charge or premium shall be paid out of the Unemployment Compensation Fund or the contingent fund.Moneys in the clearing and benefit accounts and the contingent fund shall not be commingled with other funds of the commonwealth, but shall be maintained as separate accounts on the books of the depositary bank.

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Section 54. Except as otherwise provided in this chapter, moneys in the clearing and benefit accounts and the contingent fund may be deposited in any depositary bank in which general funds of the commonwealth may be deposited, but no public deposit insurance charge or premium shall be paid out of the Unemployment Compensation Fund or the contingent fund.Moneys in the clearing and benefit accounts and the contingent fund shall not be commingled with other funds of the commonwealth, but shall be maintained as separate accounts on the books of the depositary bank.

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Bluebook (online)

Massachusetts § 54, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/151A/54.