Massachusetts · statute · Mass. Gen. Laws ch. 107 · 9 active provisions
Section 1. The money of account of the commonwealth shall be the dollar, cent and mill. Proceedings in court, accounts in the public offices and other public accounts shall be had and kept in accordance herewith.
Section 2. The preceding section shall not vitiate or affect an account, charge or entry made, or a note, bond or other instrument expressed in any other money of account; but in a suit thereon such other money shall be reduced to dollars and fractions thereof.
Section 3. If there is no agreement or provision of law for a different rate, the interest of money shall be at the rate of six dollars on each hundred for a year, but, except as provided in sections seventy-eight, ninety, ninety-two, ninety-six and one hundred of chapter one hundred and forty, it shall be lawful to pa…
Section 4. A county, city, town or district or any corporation organized under the laws of the commonwealth may, at the request of the owner or holder of a bond, promissory note or certificate of indebtedness issued by it payable to bearer, at any time more than one year before maturity thereof, issue in exchange there…
Section 7. No person shall issue, negotiate or sell any bonds, certificates or obligations of any kind, which are by the terms thereof to be redeemed in numerical order or in any arbitrary order of precedence without reference to the amount previously paid thereon by the holder thereof, whether they are sold on the ins…
Section 8. Violations of the preceding section shall be punished by a fine of not more than two thousand dollars or by imprisonment for not more than one year. Any such violation, if by a domestic corporation, shall operate as a forfeiture of its franchise and, if by a foreign corporation, association or organization,…
Section 10. In an action on a contract, other than a bill of exchange, for the payment of money beyond the limits of the United States, the amount to be recovered by the creditor shall be determined by the current rate of exchange on the date when such contract becomes due, with interest from such date.
Section 13. The protest of a bill of exchange, promissory note or order for the payment of money certified by a notary public under his hand and official seal shall be prima facie evidence of the facts stated in such protest, and of the giving of notice to the drawer or endorser.
Section 45A. The treasurer of a public body shall, without further authority than that contained in this section, have power to use a facsimile machine for the purpose of affixing his signature to any check drawn by him in the name and behalf of the public body on any bank or trust company having funds of the public bo…