General Laws of Massachusetts - Chapter 167H Mutual Holding Companies
- Massachusetts General Laws - Definitions - Chapter 167H, Section 1
As used in this chapter the following words, unless the context otherwise requires, shall have the following meanings:— “Commissioner”, the commissioner of banks. “Mutual banking...
- Massachusetts General Laws - Reorganization of mutual banking institution - Chapter 167H, Section 2
(a) Notwithstanding the provisions of any general or special law to the contrary, a mutual banking institution that is a savings bank may reorganize so...
- Massachusetts General Laws - Notice of proposed reorganization to commissioner; factors to be considered - Chapter 167H, Section 3
A mutual banking institution proposing to reorganize as a mutual holding company pursuant to this chapter shall provide the commissioner with sixty days prior written...
- Massachusetts General Laws - Board of corporators; members; term; election - Chapter 167H, Section 4
(a) A mutual holding company shall be governed by a board of corporators and shall further be governed in accordance with the charter and by-laws...
- Massachusetts General Laws - Application for proposed formation of subsidiary banking institution; factors to be considered; issuance of charter - Chapter 167H, Section 5
The mutual banking institution proposing to form a subsidiary banking institution shall submit an application therefor to the board of banking incorporation, together with such...
- Massachusetts General Laws - Rights, powers and privileges of reorganized mutual banking institution - Chapter 167H, Section 6
Upon the reorganization of a mutual banking institution into a mutual holding company, the mutual holding company shall (i) continue to possess and may exercise...
- Massachusetts General Laws - Mutual holding company; powers and duties - Chapter 167H, Section 7
A mutual holding company organized under this chapter may: (1) invest in the stock of one or more banking institutions as defined in section one...
- Massachusetts General Laws - Registration with commissioner; requisite information - Chapter 167H, Section 8
Each mutual holding company shall register with the commissioner on forms prescribed by him which shall include such information with respect to the financial condition,...
- Massachusetts General Laws - Conversion to stock holding company - Chapter 167H, Section 9
With the approval of the commissioner and subject to such regulations as he may prescribe, a mutual holding company established pursuant to this chapter may...
- Massachusetts General Laws - Acquisition or merger with another holding company - Chapter 167H, Section 10
If a mutual holding company acquires or merges with another holding company under the provisions of clause (3) of section seven, the holding company acquired...
- Massachusetts General Laws - Subsidiary banking institution; issuance of securities to general public - Chapter 167H, Section 11
In addition to its powers under the banking laws, any subsidiary banking institution shall, with the prior approval of the commissioner and subject to such...
Last modified: September 11, 2015