Massachusetts Statutes

§ 14 — Agreements to exculpate bank from payment of deposit account to person unlawfully presenting evidence of account

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XXII CORPORATIONS·Ch. 167D DEPOSITS AND ACCOUNTS
Section 14. Any agreement between a depositor and any bank which exculpates such bank when a deposit account, or any part thereof, is paid by such bank to a person unlawfully presenting a passbook, or other instrument as evidence of such account is hereby declared to be contrary to public policy and void.

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