Massachusetts § 11 - Shortages in funds; reports; fine
Full text of Massachusetts Massachusetts General Laws § 11 — Shortages in funds; reports; fine, with citation guidance and answers to common questions.
§ 11. Shortages in funds; reports; fine
Section 11. Any shortage of five thousand dollars or more in a bank shall, within forty-eight hours of discovery thereof by an officer of the bank in or with respect to which such shortage occurs, be reported in writing to the commissioner by the president and treasurer of the bank in which the shortage occurs, or in the absence of either of said officers by the officer performing the duties of such office.
Any person who wilfully violates the provisions of this section or section ten shall be guilty of a misdemeanor and shall be punished by a fine of not less than two hundred or more than one thousand dollars.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 11
What does Massachusetts General Laws § 11 cover?
Section 11 ("Shortages in funds; reports; fine") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 11?
A common citation format is "Massachusetts General Laws § 11" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.