Agreements to Exculpate Bank From Payment of Deposit Account to Person Unlawfully Presenting Evidence of Account

  1. Law
  2. Massachusetts General Laws
  3. Administration of the Government
  4. Corporations
  5. Deposits and Accounts
  6. Agreements to Exculpate Bank From Payment of Deposit Account to Person Unlawfully Presenting Evidence of Account

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Section 14. 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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