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Form a Business

Manner and form of books and accounts; manner of safeguard and deposit of money and securities

M.G.L. c. 167, § 6
in effect
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c. 167, § 6. Manner and form of books and accounts; manner of safeguard and deposit of money and securities Section 6. The commissioner may prescribe the manner and form of keeping the books and accounts of a bank and the extent to which they shall be audited. For a credit union, the commissioner may prescribe the manner of safeguarding its money and securities and may promulgate regulations under which a credit union may deposit its securities with savings banks, co-operative banks, trust companies or banking associations for safekeeping.
Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter167/Section6Fetched: 10/20/2026

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