General Laws of Massachusetts - Chapter 167A Bank Holding Companies
- Massachusetts General Laws - Definitions - Chapter 167A, Section 1
The following words when used in this chapter, unless the context otherwise requires, shall have the following meanings:— (a) “Banking institution”, a trust company, commercial...
- Massachusetts General Laws - Board of bank incorporation; acts requiring approval by board - Chapter 167A, Section 2
Except with the prior written approval of the board of bank incorporation (1) no company shall become a bank holding company; (2) no bank holding...
- Massachusetts General Laws - Acts not requiring approval by board - Chapter 167A, Section 3
The prohibitions contained in section two shall not apply to (1) stock acquired in good faith in a fiduciary capacity except where such stock is...
- Massachusetts General Laws - Bank holding company subsidiaries acting as agents - Chapter 167A, Section 3A
Any banking institution doing business in the commonwealth that is a subsidiary of a bank holding company may receive deposits, renew time deposits, close loans,...
- Massachusetts General Laws - Petition to board for authority to act under Sec. 2; hearing; review; loans to Housing Partnership Fund; executive officers; asset base - Chapter 167A, Section 4
Any company or bank holding company seeking authority to act under the provisions of section two shall file a petition with the board of bank...
- Massachusetts General Laws - Repealed, 1993, 300, Sec. 2 - Chapter 167A, Section 4A
Repealed, 1993, 300, Sec.
- Massachusetts General Laws - Registration of certain companies with commissioner; reports; examinations; rules and regulations - Chapter 167A, Section 5
(a) Each bank holding company shall register with the commissioner on forms prescribed by him which shall include such information with respect to the financial...
- Massachusetts General Laws - Fines and penalties for violations - Chapter 167A, Section 6
(a) Any company which knowingly violates any provision of this chapter or any regulation or order issued by the commissioner pursuant thereto may be punished...
- Massachusetts General Laws - Supreme judicial court; jurisdiction to enforce chapter - Chapter 167A, Section 7
The supreme judicial court or any justice thereof shall have jurisdiction in equity to enforce the provisions of this chapter.
Last modified: September 11, 2015