Massachusetts General Laws

Mass. Gen. Laws ch. 172, § 2 (2026)

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Section 2. A trust company shall have all the powers expressly granted by law and whatever further incidental powers may fairly be implied from those expressly conferred and such as are reasonably necessary to enable it to exercise fully those powers according to common or accepted banking customs and usages.

Notes of Decisions

Cited in 1 case, 1997–1997 · leading case: First Fiduciary Corp. v. Comm'r of Banks, 684 N.E.2d 1 (Mass. App. Ct. 1997).

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First Fiduciary Corp. v. Comm'r of Banks, 684 N.E.2d 1 (Mass. App. Ct. 1997). “” Through incorporation by reference to chapters 167C through 167G, inclusive, see G. L. c. 172, § 2, the statute confers on trust companies the power: to take deposits and accounts (G.”

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