There is a newer version of the Massachusetts General Laws
2014 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
CHAPTER 170 CO-OPERATIVE BANKS
- Section 1 Definitions
- Section 1A Powers
- Section 2 Agreement to form co-operative bank; subscribers
- Section 3 Change of corporate name
- Section 4 Notice and application to board of bank incorporation; certificate; hearing; special surplus fund
- Section 5 First meeting of subscribers
- Section 6 Articles; certificate of incorporation
- Section 7 By-laws
- Section 8 Members; voting rights
- Section 9 Board of directors; clerk; directors and officers; records of meetings
- Section 10 Directors or officers serving in same capacity for other financial institutions
- Section 11 Security committee; finance committee
- Section 12 Treasurer; duties; assistant treasurer
- Section 13 Duties of treasurer under other provisions of law
- Section 14 Powers and duties of commissioner; audit
- Section 15 Bond of officers and employees
- Section 16 Misconduct of officer, director, agent or employee
- Section 17 Fee, commission, gift, or other consideration for or in connection with business of corporation
- Section 18 Report to commissioner; balance sheet
- Section 19 Loans or extension of credit to officers or directors
- Section 19A Violations; penalty
- Section 20 Distribution of net profits
- Section 20A Computation and rate of dividends and interest
- Section 21 Surplus accounts
- Section 22 Minimum reserves
- Section 23 Reserve balances
- Section 24 Advance, loan upon or purchase of bank assets or stock
- Section 25 Consolidation of co-operative banks
- Section 26 Consolidation on expedited basis
- Section 26A Merger or consolidation of co-operative bank and savings bank
- Section 26B Merger or consolidation of co-operative banks and thrift institutions
- Section 26C Conversion of co-operative bank to stockholder owned form of corporation
- Section 26D Consolidation or merger of co-operative bank converted into stock corporation into single state or federally-chartered stock corporation
- Section 26E Conversion of co-operative bank to stock holder owned form of corporation
- Section 26F Merger or consolidation of credit unions and corporations into single cooperative bank
- Section 26G Restrictions on approval of merger or consolidation applications
- Section 26H Conversion of credit union into co-operative bank in mutual form
- Section 27 Dissolution and liquidation
- Section 28 Conversion of co-operative bank to federal savings and loan association or federal savings bank
- Section 29 Conversion of federal thrift bank to co-operative bank
- Section 30 Co-operative Banks Employees Retirement Association
- Section 31 By-laws of retirement association
- Section 32 Retirement association property, etc.; tax exemption, attachment, execution or assignment
- Section 33 Co-operative Banks Employees Benefit Association
- Section 34 By-laws of benefit association
- Section 35 Benefit association property; tax exemption, attachment, execution or assignment
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