There is a newer version of the Massachusetts General Laws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 4 Capital structure upon incorporation
MA Gen L ch 172 § 4 What's This?
Section 4. A trust company shall upon its incorporation have such capital structure as the board of bank incorporation shall deem adequate but not less than the following:
..(b) A surplus account amounting to fifty per cent of its capital stock.
(c) An undivided profits account amounting to fifty per cent of its capital stock.
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