Consumer Savings Bank v. Commissioner of Banks

This is a bill for declaratory relief seeking a declaration whether the plaintiff, a savings bank (bank) subject to G. L. c. 168, has authority to arrange for the transfer of funds from savings accounts by withdrawal orders in negotiable form without requiring the depositor or his representative to appear at the bank’s offices. The case was reported without decision by a Superior Court judge upon the bill and exhibits, the answer, and a case stated with exhibits.

The proposed form of withdrawal order possesses the attributes of negotiability required by the Uniform Commercial Code, G. L. c.…