Section 6: Manner and form of books and accounts; manner of safeguard and deposit of money and securities
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/ma/part-i/title-xxii/chapter-167/6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6. The commissioner may prescribe the manner and form of keeping the books and accounts of a bank and the extent to which they shall be audited. For a credit union, the commissioner may prescribe the manner of safeguarding its money and securities and may promulgate regulations under which a credit union may deposit its securities with savings banks, co-operative banks, trust companies or banking associations for safekeeping.