Massachusetts General Laws
Chapter 167d - Deposits and Accounts
Section 14 - Agreements to Exculpate Bank From Payment of Deposit Account to Person Unlawfully Presenting Evidence of Account

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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Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title XXII - Corporations

Chapter 167d - Deposits and Accounts

Section 1 - Definitions

Section 2 - Powers

Section 3 - Types of Deposits Which May Be Received by Bank

Section 3a - Savings Promotion Raffles

Section 4 - Limited Access Deposit Accounts

Section 5 - Demand Deposit Account and Savings Account for Persons 18 Years of Age or Under or 65 Years of Age or Older

Section 6 - Fee, Charges or Assessments; Refusal of Payment of Deposited Instruments; Costs for Processing Deposited Instrument

Section 7 - Provision of Cancelled Instruments or Copies Thereof

Section 8 - Collateral or Security for Deposit of Money Received

Section 9 - Deposits From Residential Dwelling Unit Lessor Acting as Trustee for Security Deposits

Section 10 - Deposits From Condominium Manager or Managing Agent Acting as Trustee for Condominium Funds

Section 11 - Lost, Stolen or Destroyed Passbooks

Section 12 - Deposits of Decedents; Payment

Section 13 - Unusual Demand by Depositors for Withdrawals; Notice of Intention to Withdraw Deposit or to Apply for Loan Secured by Deposit

Section 14 - Agreements to Exculpate Bank From Payment of Deposit Account to Person Unlawfully Presenting Evidence of Account

Section 15 - Designation of Beneficiary for Pension, Profit-Sharing, Etc. Plans

Section 16 - Transfer of Funds of Depositor or Shareholder as Consequence of Default of Debt Owed to Bank; Notice

Section 17 - Set Off or Recoupment by Person Indebted to Bank

Section 18 - Multiple Claimants for Deposited Funds

Section 19 - Recognition by Bank of Adverse Claimants to Deposits

Section 20 - Repayment of Deposits Made at Branch Located in Foreign Country Prevented by Acts of War, Impairment of Operation of Civil Authority, Etc.