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2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 167j - Corporate Governance Provisions and Requirements
Section 13 - Maintenance of Capital and Surplus or Surplus Account Deemed Adequately Capitalized
Universal Citation: MA Gen L ch 167j § 13 (2019)
Section 13. A bank shall maintain capital and surplus if a stock corporation or a surplus account if a mutual institution necessary to be deemed, at a minimum, adequately capitalized as determined by the federal deposit insurance agency which insures the deposits of the bank or, if applicable, by the commissioner.
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