2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 167 - Supervision of Banks
Section 15j - Investment in Capital Stock of Insurance Company Conducting Fire and Casualty Insurance Business

Universal Citation: MA Gen L ch 167 § 15j (2019)

Section 15J. An entity that may invest pursuant to section 15A or the legal list may invest in the capital stock of any insurance company that may conduct a fire and casualty insurance business; provided, however, that no insurance stock shall be purchased if the cost of the insurance stock added to the cost of insurance stocks and bank stocks already owned shall exceed 662/3 per cent of the total of the assets of the entity.

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