Massachusetts Statutes
§ 4 — Segregation of funds, etc.
Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XXII CORPORATIONS·Ch. 167G TRUST DEPARTMENT
Section 4. Money, property or securities received, invested or loaned by the trust department of any such bank, shall be a special deposit in such corporation, and the accounts thereof shall be kept separate. Such funds and the investment or loans thereof shall be specially appropriated to the security and payment of such deposits, shall not be mingled with the investments of the capital stock or other money or property belonging to such bank, or be liable for the debts or obligations thereof.
Free access — add to your briefcase to read the full text and ask questions with AI
Massachusetts § 4 (Segregation of funds, etc.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.