Mass. Gen. Laws ch. 100A, § 2A: Bond, letter of credit

Section 2A. Notwithstanding the provisions of section two, the requirement of a bond may be satisfied by the submission of a letter of credit in the amount of ten thousand dollars, in a form approved by the deputy director. Said letter of credit shall accompany the written application prescribed in section two and the applicant shall comply with all other requirements of said section.