Massachusetts Statutes
§ 40 — Trust deposits with state; form; investment
Massachusetts § 40
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title IIILAWS RELATING TO STATE OFFICERS
Ch. 29STATE FINANCE
This text of Massachusetts § 40 (Trust deposits with state; form; investment) 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. 29, § 40 (2026).
Text
Section 40. No deposit required to be made by any corporation in trust with the state treasurer, or any part thereof, shall consist of a mortgage upon real estate or of a loan upon personal notes or of notes secured by collateral. The state treasurer may receive, as a part of such deposit, money or certificates of deposit, or certified checks on any approved state depositary, and may hold the same without interest until it may reasonably be invested in a proper legal security.
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Bluebook (online)
Massachusetts § 40, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/29/40.