Massachusetts § 60B - Liability for expenses for custody and disbursement of deposit; determination; deduction from deposit
Full text of Massachusetts Massachusetts General Laws § 60B — Liability for expenses for custody and disbursement of deposit; determination; deduction from deposit, with citation guidance and answers to common questions.
§ 60B. Liability for expenses for custody and disbursement of deposit; determination; deduction from deposit
Section 60B. A company making a deposit under section fifty-seven shall pay to the state treasurer a reasonable amount for the expenses of his office, attributable to the custody and disbursement of the deposit. Any such amount may, upon written application of the state treasurer, and, after written notice to the company and a hearing, be determined by the commissioner of insurance, and, with the written approval of the said commissioner, be deducted from any funds of the company on deposit with the state treasurer.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 60B
What does Massachusetts General Laws § 60B cover?
Section 60B ("Liability for expenses for custody and disbursement of deposit; determination; deduction from deposit") 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 § 60B?
A common citation format is "Massachusetts General Laws § 60B" (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 § 60B 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.