Section 11. The funds of any corporation subject to this chapter shall be kept only in banks in which funds of the commonwealth are authorized to be deposited, or by depositing on paid-up shares and accounts of and in co-operative banks, or by investing in share accounts of federal savings and loan associations located in this commonwealth in accordance with the authority and limitations specified in section ten of chapter one hundred and seventy-six B.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 176c - Non-Profit Medical Service Plans
Section 3 - Incorporators; Approval of Certificate of Organization; Board of Directors
Section 4 - Contracts to Provide Medical Service
Section 6 - Associated Physician; Grounds for Termination of Agreement
Section 7 - Subscribers; Choice of Physician
Section 8 - Form and Content of Subscription Agreement
Section 9 - Annual Statement; Verification; Content; Violations
Section 11 - Depositary for Funds
Section 12 - Submission of Disputes; Review of Determination
Section 13 - Grounds for Enjoining Transaction of Business; Receivers; Distribution of Funds
Section 14 - Tax Exemption; Liability
Section 15 - Excise Tax; Violation
Section 16 - Salaries, Compensation or Emoluments
Section 16a - Pay-Roll Deductions for Governmental Employees
Section 17 - Right of Organization to Provide Medical Services