§ 1 Application of chapter
§ 2 Bond; amount; condition
§ 3 Bonds; requirements; issuance and revocation of licenses; trust fund for depositors
§ 4 Bonds; duty of state treasurer to keep record; public inspection
§ 5 Actions on bonds
§ 6 Licenses; multi-state licensing system
§ 7 Commissioner; rules and regulations
§ 8 Money received for transmission; receipts
§ 9 Licensees’ annual report
§ 10 Books and accounts; inspections
§ 11 Investigation of persons other than licensees
§ 12 Revocation, suspension or surrender of licenses
§ 13 Cease and desist orders
§ 14 Restraint orders; receivers
§ 15 Commissioner; civil actions
§ 16 Penalties

Terms Used In Massachusetts General Laws > Chapter 169 - Receipts of Deposits for Transmittal to Foreign Countries

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trustee: A person or institution holding and administering property in trust.