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2012 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT(Chapters 1 through 182)
TITLE XXII CORPORATIONS
CHAPTER 167C BANK LOCATIONS
Section 1 Definitions

Universal Citation:
MA Gen L ch 167C § 1
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

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 the commonwealth under chapter 168, 170 and 172.

“Commissioner”, the commissioner of banks.

“Foreign bank”, an association or corporation authorized to do a banking business in the commonwealth, the main office of which is located outside the commonwealth, and which exists by authority of a country other than the United States.

“Governing board”, the board of directors, the board of trustees or similar board of a bank.

“Out-of-state bank”, an association or corporation authorized to do a banking business in the commonwealth, the main office of which is located outside the commonwealth, and which exists by the authority of a state of the United States except the commonwealth.

“Out-of-state branch”, a branch of a bank located outside the commonwealth.

“Out-of-state federal bank”, a national banking association, savings and loan association or savings bank that exists by authority of the United States, the main office of which is located outside the commonwealth.

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