Section 9: Capital stock as security for performance of duty
41 words·~1 min read·
/ma/part-i/title-xxii/chapter-167g/9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 for the faithful performances of duties undertaken by the trust department of a bank.