An Act amending the banking laws and related statutes

This bill amends Massachusetts banking laws to update where public funds can be deposited. It requires that funds held by county treasurers, school districts, and other public officials (like registers of probate) must be deposited in FDIC-insured accounts, with specific rules for initial and redepositing. The bill also adds provisions allowing financial institutions to postpone or hold virtual annual meetings during declared emergencies, while maintaining FDIC insurance coverage for all deposits. These changes directly affect local government officials managing public money and financial institutions operating in Massachusetts.