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Session Law

2008

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Chapter 357 AN ACT RELATIVE TO THE SUPERVISION OF LIMITED PURPOSE TRUST COMPANIES BY THE COMMISSIONER OF BANKS.

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

Section 9A of chapter 172 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by striking out, in lines 12 to 15, inclusive, the words “no person, other than an attorney licensed to practice law in the commonwealth, shall conduct such business in the commonwealth without having acquired the certificate” and inserting in place thereof the following words:- this section shall not apply to an attorney licensed to practice law in the commonwealth or to a person exercising trust or fiduciary powers in the commonwealth under lawful authority.

Approved October 9, 2008


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