Massachusetts § 54 Receipt of deposits by insolvent banks; penalty

Massachusetts Statutes

§ 54 — Receipt of deposits by insolvent banks; penalty

Massachusetts § 54

Part IVCRIMES, PUNISHMENTS AND PROCEEDINGS IN CRIMINAL CASES

Title ICRIMES AND PUNISHMENTS

Ch. 266CRIMES AGAINST PROPERTY

This text of Massachusetts § 54 (Receipt of deposits by insolvent banks; penalty) 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. 266, § 54 (2026).

Text

Section 54. Any officer or employee of a bank, as defined in section one of chapter one hundred and sixty-seven, who receives or permits the receipt of any deposit knowing that such bank is insolvent, shall be punished by imprisonment for not more than two and one half years or by a fine of not more than five thousand dollars, or both.

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Bluebook (online)

Massachusetts § 54, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/266/54.