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2022 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 167 - Supervision of Banks
- Section 1 - Definitions
- Section 1a - Rules and Regulations
- Section 1b - Repealed, 2014, 482, Sec. 13
- Section 2 - Examination of Banks
- Section 2a - Definitions Applicable to Secs. 2a to 2g; Unfair Practices Involving Consumer Transactions; Rules and Regulations
- Section 2b - Investigation of Unfair Practices
- Section 2c - Proceedings Regarding Unfair Practices; Notice; Hearing
- Section 2d - Unfair Practices; Findings; Cease and Desist Orders; Penalty; Modification of Order
- Section 2e - Review of Cease and Desist Orders; Civil Liability
- Section 2f - Violations of Cease and Desist Orders; Penalties
- Section 2g - Penalties for Unfair Practices; Enforcement
- Section 2h - Notice to Commissioner of Activity or Investment of Savings Bank, Co-Operative Bank or Trust Company; Waiver or Extension of Notice Period
- Section 2i - Compliance With Federal Laws and Regulations
- Section 2j - Confidentiality of Information Provided in Applications Filed With Commissioner
- Section 3 - Meetings of Board of Directors or Board of Trustees of Bank; Reports on Bank Examinations; Records; Certificates
- Section 4 - Summoning and Examination of Bank Officers
- Section 5 - Request for Bank Examination
- Section 6 - Manner and Form of Books and Accounts; Manner of Safeguard and Deposit of Money and Securities
- Section 6a - Copies of Agreements Concerning Federal Reserve Regulations and Operating Letters, Clearing House Rules, etc.; Rules and Regulations
- Section 7 - Statements and Reports Required by Commissioner or by Law
- Section 8 - Failure to Make or Amend Return, Statement or Report
- Section 9 - Destruction or Disposal of Records, etc.; Payment of Proceeds
- Section 10 - Reports of Fraud, Embezzlement or Misconduct by Bank Officers or Employees
- Section 11 - Shortages in Funds; Reports; Fine
- Section 12 - Misconduct by Bank Officers; Suspension; Removal
- Section 12a - Criminal Charges Against Bank Officers; Suspension or Removal From Office
- Section 13 - Annual Reports
- Section 14 - Credit Needs of Local Communities; Assessment of Banks; Regulations; Application for Establishment of Domestic Branch; Examination; Alternative Community Reinvestment Examination Procedure
- Section 14a - Mortgage Review Boards; Members; Terms; Appointment; Meetings; Rules and Regulations
- Section 14b - Repealed, 1996, 359, Sec. 4
- Section 14c - Small Business Loan Review Boards; Members; Terms; Appointment; Meetings; Rules and Regulations
- Section 15 - Annual List to Investment Committee of Banks Meeting Local Community Needs
- Section 15a - Annual List of Legal Investments
- Section 15b - Inclusion of Certain Investments in List of Legal Investments Upon Approval by Commissioner; Application by Credit Union; Refunding Bonds
- Section 15c - Classes of Bonds, Notes or Other Interest-Bearing Federal, State and International Obligations in Which Entity May Invest
- Section 15d - Classes of Bonds, Notes or Other Interest-Bearing Municipal Obligations in Which Entity May Invest
- Section 15e - Investment in Bonds, Notes or Other Interest-Bearing Obligations of Railroad Corporations
- Section 15f - Investment in Bonds of Company Engaged in the Business of Furnishing Telephone Service
- Section 15g - Investment in Bonds, Notes or Other Interest-Bearing Obligations of Gas, Electric Light or Water Company or Bonds of Company Supplying Electrical Energy or Artificial Gas or Natural Gas Purchased From Another Company
- Section 15h - Investment in Common Stock of Banking Corporations and Bank Holding Companies
- Section 15i - Purchase of Stock of Savings or Co-Operative Bank, Federal Savings and Loan Association or Federal Saving Bank
- Section 15j - Investment in Capital Stock of Insurance Company Conducting Fire and Casualty Insurance Business
- Section 15k - Classes of Securities in Which Entity May Invest
- Section 16 - Repealed, 1987, 296, Sec. 1
- Section 17 - Repealed, 1996, 359, Sec. 5
- Section 18 - Appraisal of Real Estate in Case of Excessive Loan
- Section 19 - Losses of Bank Exceeding Surplus and Other Reserve Accounts
- Section 21 - Closing of Banks
- Section 21a - Assent to and Participation in Bank Reorganization by Government Officers
- Section 22 - Taking Possession of Property and Business of Bank by Commissioner
- Section 23 - Notice of Taking Possession of Bank by Commissioner
- Section 24 - Collection of Moneys Due and Liquidation of Affairs of Banks in Possession of Commissioner
- Section 25 - Prosecution and Defense of Suits and Other Legal Proceedings; Sales of Property
- Section 26 - Appointment of Agents to Assist in Liquidation and Distribution; Federal Agencies as Liquidating Agent; Subrogation Rights
- Section 26a - Assistance of Federal Agency as Liquidating Agent; Notice Requirements
- Section 26b - National Credit Union Administration Board as Liquidating Agent of Credit Unions; Subrogation Rights
- Section 27 - Inventory of Bank Assets
- Section 28 - Notice to Claimants; Claims Presented
- Section 29 - List of Claims Presented
- Section 30 - Fees and Expenses
- Section 31 - Dividends; Objections to Claims
- Section 31a - Dividend Payments to Minors; Disposition of Accounts of Decedents
- Section 32 - Property Deposited With Bank; Disposition
- Section 33 - Bank Aggrieved by Action of Commissioner; Application for Injunction
- Section 34 - Stockholders' Meeting
- Section 35 - Unclaimed Dividends and Funds
- Section 35a - Destruction of Books, Records, Etc. Concerning Bank and Liquidation Thereof
- Section 35b - Reports on Banks in Possession of Commissioner
- Section 36 - Equity Jurisdiction of Supreme Judicial Court
- Section 36a - Appointment of Conservator; Powers and Duties; Compensation; Termination; Equity Jurisdiction of Supreme Court
- Section 37 - Unauthorized Banking
- Section 37a - Examination of Accounts, Books and Papers to Determine Violation of Sec. 37
- Section 37b - Student Bank Programs
- Section 38 - Repealed, 2014, 482, Sec. 20
- Section 38a - Repealed, 1982, 626, Sec. 2
- Section 39 - Repealed, 2014, 482, Sec. 20
- Section 39a - Repealed, 1982, 626, Sec. 2
- Section 39b, 39c - Repealed, 2014, 482, Sec. 20
- Section 40 - Examination of Foreign or Out-of-State Banks; Charges; Availability of Reports and Information; Cooperation With Other Jurisdictions
- Section 40a - Registration With Commissioner; Reports
- Section 41 - Access to Vaults, Books and Papers; Summoning Witnesses; Administering Oaths
- Section 42 - Insolvent Foreign or Out-of-State Banks; Injunction
- Section 43, 43a - Repealed, 2014, 482, Sec. 22
- Section 44 To 45a - Repealed, 1982, 626, Secs. 1, 2
- Section 46 - Honoring and Cashing of Pensioners' and Retirees' Checks
- Section 47 - Repealed, 2010, 234, Sec. 1
- Section 48 - Financing of Premises Containing Lead in Paint, Plaster or Materials
- Section 49 - Definitions Applicable to Secs. 49 to 51
- Section 50 - Compliance Review Supervisor
- Section 51 - Compliance Review Documents; Confidentiality
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