There is a newer version of the Massachusetts General Laws
2014 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
CHAPTER 172 TRUST COMPANIES
- Section 1 Definitions
- Section 1A Powers
- Section 2 Application of this chapter and chapters 167C to 167G, inclusive
- Section 3 Use of words “trust company”
- Section 4 Capital structure upon incorporation
- Section 5 Agreement of association
- Section 6 Notice and application to board of bank incorporators; certificate; hearing
- Section 7 First meeting of incorporators
- Section 8 Articles of organization; certificate of incorporation
- Section 9 List of stockholders; certificate authorizing corporation to begin transacting business
- Section 9A Limited purpose trust company; notice and application; out-of-state offices
- Section 10 Repealed, 1987, 239, Sec. 10
- Section 11 By-laws
- Section 12 Stockholder voting
- Section 13 Board of directors; executive committee
- Section 14 Election of officers
- Section 15 Officers and employees; bond
- Section 16 Meetings of board of directors; report on transactions
- Section 17 Duties of treasurer under other provisions of law
- Section 18 Loans or extension of credit to officers or directors; ownership of real property by officers or directors when mortgage held by corporation
- Section 19 Director or officer serving in same capacity for other financial institutions
- Section 20 Fee, commission, gift or other consideration in connection with corporation business; salary, interest on deposits, corporation benefits or profits; disclosure
- Section 21 Misconduct of officer, director, agent or employee
- Section 22 Annual report; balance sheet
- Section 22A Return in form of trial balance to commissioner
- Section 23 Violation of Sec. 18 or 20
- Section 24 Capital stock
- Section 25 Options to purchase, issuance and sale of shares of capital stock to employees
- Section 25A Stock purchase plans, restricted stock purchase plans and stock grant plans
- Section 26 Records and reports of transfers of stock
- Section 26A Notice of proposed acquisition; disapproval
- Section 26B Acquisition of company having capital stock divided into shares
- Section 27 Determination of record date of right to notice of and to vote at stockholders’ meeting
- Section 28 Dividends
- Section 29 Repealed, 1987, 239, Sec. 13
- Section 30 Issue and sale of capital notes or debentures
- Section 31 Reserve
- Section 32 Reserve balances for federal reserve system members
- Section 33 Insufficient reserves
- Section 34 Transfers to surplus reserve
- Section 35 Interest on savings deposits
- Section 36 Consolidation or merger; purchase, sale or exchange of assets; conversion
- Section 37 Real estate holdings of trust company successor to national bank
- Section 38 Advance, loan or purchase of bank assets or stock
- Section 38A Restrictions on approval of merger or consolidation applications
- Section 39 Dissolution and liquidation
- Section 40 to 47 Repealed, 1998, 474, Sec. 8
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