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Agreements exculpating credit union for wrongful payment of account

M.G.L. c. 171, § 47
in effect
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c. 171, § 47. Agreements exculpating credit union for wrongful payment of account Section 47. Any agreement between a depositor or shareholder and any credit union which exculpates such credit union when an account, or any part thereof, is paid by such credit union to a person unlawfully presenting a passbook, or other instrument as evidence of such account is hereby declared to be contrary to public policy and void.
Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter171/Section47Fetched: 10/20/2026

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