Massachusetts § 49B - Insurance or credit line security for bonds and notes; agreements with brokers
Full text of Massachusetts Massachusetts General Laws § 49B — Insurance or credit line security for bonds and notes; agreements with brokers, with citation guidance and answers to common questions.
§ 49B. Insurance or credit line security for bonds and notes; agreements with brokers
Section 49B. In addition to any other security provided by laws, bonds and notes of the commonwealth may, in the discretion of the state treasurer, be secured or supported, in whole or in part, by insurance or by lines or letters of credit or other credit or liquidity facilities provided by any bank, trust company or other financial institution.
The state treasurer may enter into agreements with brokers for the placement of any such commonwealth notes issued as commercial paper.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 49B
What does Massachusetts General Laws § 49B cover?
Section 49B ("Insurance or credit line security for bonds and notes; agreements with brokers") 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 § 49B?
A common citation format is "Massachusetts General Laws § 49B" (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 § 49B 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.