Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS
Chapter 42: DEPOSITS IN GENERAL
§421. Applicability of chapter; tax exemption
The sections of this chapter govern deposits or accounts in financial institutions
subject to the provisions of this Title.
1997, c. 398, Pt. I, §11 (AMD)
All interest-bearing deposits or accounts of whatever type in financial institutions
subject to the provisions of this Title are exempt from municipal taxation to said
institution, and to the depositors or members of such institution.
1975, c. 500, §1 (NEW)
1975, c. 500, §1 (NEW).
1997, c. 398, §I11 (AMD).
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