General Laws of Massachusetts - Chapter 167D Deposits and Accounts - Section 17 Agreements to exculpate bank for unlawful payment from deposit account

Section 17. 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.

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Last modified: September 11, 2015