Massachusetts General Laws ch. 171 sec. 47 – Agreements exculpating credit union for wrongful payment of account
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Section 47. Any agreement between a depositor or shareholder and any credit union which exculpates such credit union when an account, or any part thereof, is paid by such credit union 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.
Terms Used In Massachusetts General Laws ch. 171 sec. 47
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.