Mass. Gen. Laws » Part I Title XXII Chapter 164
Massachusetts General Laws

Mass. Gen. Laws ch. 164, § 22 (2026)

Deposits

✓ current as of July 2026
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Section 22. All deposits of funds of corporations subject to this chapter shall be made by the officers thereof in national banks, duly chartered trust companies, savings banks, co-operative banks or federal savings and loan associations; but the foregoing provision shall not apply to any deposit for a period of not more than sixty days made for the purpose of meeting obligations maturing within said period, or to any deposit for a similar period of time resulting from the sale of obligations or securities.

Notes of Decisions
Cited in 1 case, 2016–2016 · leading case: ENGIE Gas & LNG LLC v. Dep't of Pub. Utils., 56 N.E.3d 740 (Mass. 2016).
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ENGIE Gas & LNG LLC v. Dep't of Pub. Utils., 56 N.E.3d 740 (Mass. 2016). “2, citing G. L. c. 164, §§ 22, 23 (“An electric company could not deal in gas under any circumstances”).”
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