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.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 167g - Trust Department
Section 2 - Trust Department; Authorization
Section 4 - Segregation of Funds, Etc.
Section 5 - Investment of Funds or Assets
Section 6 - Surety Required Upon Bonds Filed by Bank as Fiduciary
Section 7 - Returns and Papers Signed and Sworn to by Bank Officers
Section 8 - Funds Held in Trust Department Awaiting Investment or Distribution
Section 9 - Capital Stock as Security for Performance of Duty