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January 02, 2025 Clouds | 38°F
The 194th General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 167D DEPOSITS AND ACCOUNTS
  5. Section 14 Agreements to exculpate bank from payment of deposit account to person unlawfully presenting evidence of account

Section 14

Section 14: Agreements to exculpate bank from payment of deposit account to person unlawfully presenting evidence of account

Section 14. Any agreement between a depositor and any bank which exculpates such bank when a deposit account, or any part thereof, is paid by such bank 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.