Massachusetts § 22 Deposits

Massachusetts Statutes

§ 22 — Deposits

Massachusetts § 22

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 164MANUFACTURE AND SALE OF GAS AND ELECTRICITY

This text of Massachusetts § 22 (Deposits) 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. 164, § 22 (2026).

Text

Section 22. All deposits of funds of corporations subject to this chapter shall be made by the officers thereof in national banks, duly chartered trust companies, savings banks, co-operative banks or federal savings and loan associations; but the foregoing provision shall not apply to any deposit for a period of not more than sixty days made for the purpose of meeting obligations maturing within said period, or to any deposit for a similar period of time resulting from the sale of obligations or securities.

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Section 22. All deposits of funds of corporations subject to this chapter shall be made by the officers thereof in national banks, duly chartered trust companies, savings banks, co-operative banks or federal savings and loan associations; but the foregoing provision shall not apply to any deposit for a period of not more than sixty days made for the purpose of meeting obligations maturing within said period, or to any deposit for a similar period of time resulting from the sale of obligations or securities.

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Massachusetts § 22, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/164/22.