Massachusetts § 2 Powers

Massachusetts Statutes

§ 2 — Powers

Massachusetts § 2

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 167DDEPOSITS AND ACCOUNTS

This text of Massachusetts § 2 (Powers) 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. 167D, § 2 (2026).

Text

Section 2. Every bank in its banking department shall, subject to any limitations imposed by this chapter, have the following powers and whatever further incidental powers may fairly be implied from those expressly conferred and are reasonably necessary to enable it to exercise fully those powers according to common banking customs and usages:

(A)to receive deposits as authorized by this chapter; and(B) to receive on deposit, storage or otherwise, money, government securities, stocks, bonds, coin, jewelry, plate, valuable papers and documents, evidences of debt and other property of any kind, upon such terms and conditions as may be agreed upon between the depositor and the bank and to collect and disburse, at the request of the depositor, the interest or income or principal of said proper

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Section 2. Every bank in its banking department shall, subject to any limitations imposed by this chapter, have the following powers and whatever further incidental powers may fairly be implied from those expressly conferred and are reasonably necessary to enable it to exercise fully those powers according to common banking customs and usages:(A) to receive deposits as authorized by this chapter; and(B) to receive on deposit, storage or otherwise, money, government securities, stocks, bonds, coin, jewelry, plate, valuable papers and documents, evidences of debt and other property of any kind, upon such terms and conditions as may be agreed upon between the depositor and the bank and to collect and disburse, at the request of the depositor, the interest or income or principal of said property upon terms to be prescribed by such bank.

Nearby Sections

2

§ 2

Powers

§ 20

Repayment of deposits made at branch located in foreign country prevented by acts of war, impairment of operation of civil authority, etc.

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Bluebook (online)

Massachusetts § 2, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/167D/2.