The 188th General Court of
The Commonwealth of Massachusetts
The Commonwealth of Massachusetts
Session Laws
CHAPTER 438 AN ACT FURTHER REGULATING THE OPERATION OF TRUST DEPARTMENTS IN CERTAIN BANKS.
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Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
as follows:
Section 8 of chapter 167G of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by inserting after the word "amount", in line 10, the words:- ; provided, however, that such security shall not be required to the extent that the funds so deposited are insured by the Federal Deposit Insurance Corporation.