General Laws of Massachusetts - Chapter 167F Investments and Other Powers

• Massachusetts General Laws - Definitions - Chapter 167F, Section 1
  As used in this chapter, the following words shall, unless the context otherwise requires, have the following meanings:— “Bank”, an association or corporation chartered by...
• Massachusetts General Laws - Powers - Chapter 167F, Section 2
  Every bank, subject to limitations imposed by this chapter or other general law, shall have the following powers and whatever further incidental or complimentary powers...
• Massachusetts General Laws - Sale of insurance by banks - Chapter 167F, Section 2A
  (a) For purposes of this section, the word “company” shall mean an insurance company licensed pursuant to chapter 175 and the word “affiliate” shall have...
• Massachusetts General Laws - Investments; classes of stocks - Chapter 167F, Section 3
  Notwithstanding any provision of this chapter or any other provision of law, any bank may invest in the following classes of stocks in accordance with...
• Massachusetts General Laws - Selling, issuing or registering checks or money orders; multi-state licensing system - Chapter 167F, Section 4
  Any bank, a national banking association or savings and loan association authorized to do business in the commonwealth, may engage directly in the business of...
• Massachusetts General Laws - Federal Home Loan Bank; membership; investment in stock - Chapter 167F, Section 5
  A bank may become a member of the Federal Home Loan Bank established for the district of New England under the provisions of an act...
• Massachusetts General Laws - Federal deposit insurance corporation or federal savings and loan insurance corporation; membership; subrogation rights - Chapter 167F, Section 6
  A bank may become a member of (i) the Federal Deposit Insurance Corporation, subject to the provisions of the act of Congress approved in nineteen...
• Massachusetts General Laws - Repealed, 1985, 405, Sec. 1 - Chapter 167F, Section 7
  Repealed, 1985, 405, Sec.
• Massachusetts General Laws - Subscription for and acquisition of stock issued by Federal Reserve Bank of Boston - Chapter 167F, Section 8
  Any such bank may subscribe for and acquire stock issued by the Federal Reserve Bank of Boston for the purpose of qualifying for membership in...
• Massachusetts General Laws - Membership in certain organizations - Chapter 167F, Section 9
  Such bank may, by vote of its board of investment, or board of directors, obtain memberships in certain organizations, and may make contributions and donations...

Last modified: September 11, 2015