Massachusetts § 7 Payment of interest on deposit accounts

Massachusetts Statutes

§ 7 — Payment of interest on deposit accounts

Massachusetts § 7

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 167JCORPORATE GOVERNANCE PROVISIONS AND REQUIREMENTS

This text of Massachusetts § 7 (Payment of interest on deposit accounts) 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. 167J, § 7 (2026).

Text

Section 7. A bank may pay interest on deposit accounts in accordance with applicable law. Rates of interest may vary based on the type of account or on the terms and conditions applicable to the account. Such corporation by its by-laws, may provide that fractional parts of a dollar shall not be included in principal in computing interest and may provide that interest shall not be paid on deposits of less than $10.

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Section 7. A bank may pay interest on deposit accounts in accordance with applicable law. Rates of interest may vary based on the type of account or on the terms and conditions applicable to the account. Such corporation by its by-laws, may provide that fractional parts of a dollar shall not be included in principal in computing interest and may provide that interest shall not be paid on deposits of less than $10.

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Massachusetts § 7, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/167J/7.