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9 sections in this chapter.
Mass. Gen. Laws ch. 167A, § 1 Definitions
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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 bank, savings bank, savings and loan association or cooperative bank chartered by the comm…
Mass. Gen. Laws ch. 167A, § 2 Board of bank incorporation; acts requiring approval by board
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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 company owning, controlling or holding with the power to vote, directly or indirectly, twenty-five per centum or more of th…
Mass. Gen. Laws ch. 167A, § 3 Acts not requiring approval by board; applicability of Secs. 2 and 4
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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 held for the benefit of the shareholders of a banking institution or bank holding company; (2) stock accepted in good faith …
Mass. Gen. Laws ch. 167A, § 3A Bank holding company subsidiaries acting as agents
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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, service loans, and receive payments on loans and other obligations in the commonwealth as an agent for ano…
