Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 6 of chapter 294 of the acts of 1961, as most recently amended by chapter 749 of the acts of 1981, is hereby further amended by adding the following paragraph:-

Nothing in this chapter shall be construed as transferring or imputing to the corporation any liability, civil or criminal, arising from any prior act or acts of the credit union whose property and business has been transferred to the possession and control of the corporation pursuant to this chapter, or from any prior act or acts by an employee, officer, or director of such credit union.