General Laws of Massachusetts - Chapter 167G Trust Department
- Massachusetts General Laws - Definitions - Chapter 167G, Section 1
The following words as used in this chapter, unless the context otherwise requires, shall have the following meanings: “Bank” or “such bank”, a savings bank,...
- Massachusetts General Laws - Trust department; authorization - Chapter 167G, Section 2
With the written authority of the commissioner any such bank may have a trust department in which all business conducted by such department shall be...
- Massachusetts General Laws - Powers - Chapter 167G, Section 3
The trust department of such bank shall, subject to the limitations contained in this chapter, have the following powers: 1. To hold money or property...
- Massachusetts General Laws - Segregation of funds, etc. - Chapter 167G, Section 4
Money, property or securities received, invested or loaned by the trust department of any such bank, shall be a special deposit in such corporation, and...
- Massachusetts General Laws - Investment of funds or assets - Chapter 167G, Section 5
Such bank in its trust department may invest the funds or assets which it may receive and hold in a fiduciary capacity in the same...
- Massachusetts General Laws - Surety required upon bonds filed by bank as fiduciary - Chapter 167G, Section 6
No surety shall be required upon the bonds filed by such bank as fiduciary except that the court making such an appointment other than of...
- Massachusetts General Laws - Returns and papers signed and sworn to by bank officers - Chapter 167G, Section 7
In all proceedings in the probate court or elsewhere, connected with any authority exercised by the trust department, all accounts, returns and other papers may...
- Massachusetts General Laws - Funds held in trust department awaiting investment or distribution - Chapter 167G, Section 8
Notwithstanding any provision of section four, funds held in the trust department of any bank awaiting investment or distribution may be deposited in its banking...
- Massachusetts General Laws - Capital stock as security for performance of duty - Chapter 167G, 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...
Last modified: September 11, 2015