Massachusetts § 50 - Shares or accounts pledged as security; transfer, assignment or credit at foreclosure
Full text of Massachusetts Massachusetts General Laws § 50 — Shares or accounts pledged as security; transfer, assignment or credit at foreclosure, with citation guidance and answers to common questions.
§ 50. Shares or accounts pledged as security; transfer, assignment or credit at foreclosure
Section 50. In the event that any shares or accounts which are pledged as security for any loan are sold, forfeited, transferred, assigned or credited for the non-performance of the conditions of such loan or on the foreclosure thereof or for any other lawful purpose, a duly authorized officer of the corporation shall have full authority to transfer, assign or credit such shares or accounts to the bank or purchaser at any foreclosure or other sale to any assignee.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 50
What does Massachusetts General Laws § 50 cover?
Section 50 ("Shares or accounts pledged as security; transfer, assignment or credit at foreclosure") 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 § 50?
A common citation format is "Massachusetts General Laws § 50" (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 § 50 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.