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The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 167G TRUST DEPARTMENT
  5. Section 9 Capital stock as security for performance of duty

Section 9

Section 9: Capital stock as security for performance of duty

Section 9. The capital stock of a trust company, or such funds of a savings bank or co-operative bank as determined by the commissioner shall be security for the faithful performances of duties undertaken by the trust department of a bank.