AN ACT RELATIVE TO THE MASSACHUSETTS CREDIT UNION SHARE INSURANCE CORPORATION.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
Clause (p) of the second paragraph of section 12 of chapter 294 of the acts of 1961, as appearing in section 7 of chapter 168 of the acts of 2004, is hereby amended by striking out the last sentence and inserting in place thereof the following sentence:- The limitations imposed by this paragraph shall not apply to an aggregate investment of not in excess of the applicable federal deposit insurance limit in a deposit of a banking corporation, the deposits of which banking corporation are insured by the Federal Deposit Insurance Corporation.
Approved August 5, 2010