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Section 1 - Definitions - Section 1. As used in this chapter, the following words...
Section 1a - Rules and Regulations - Section 1A. The commissioner shall promulgate rules and regulations establishing...
Section 2 - Examination of Banks - Section 2. (a)(1) The commissioner, either personally or by his...
Section 2a - Definitions Applicable to Secs. 2a to 2g; Unfair Practices Involving Consumer Transactions; Rules and Regulations - Section 2A. For the purposes of this section and sections...
Section 2b - Investigation of Unfair Practices - Section 2B. The commissioner shall have the power to examine...
Section 2c - Proceedings Regarding Unfair Practices; Notice; Hearing - Section 2C. Whenever the commissioner shall have reason to believe...
Section 2d - Unfair Practices; Findings; Cease and Desist Orders; Penalty; Modification of Order - Section 2D. If, after such hearing, the commissioner shall determine...
Section 2e - Review of Cease and Desist Orders; Civil Liability - Section 2E. Any bank required by an order of the...
Section 2f - Violations of Cease and Desist Orders; Penalties - Section 2F. Any bank which violates a cease and desist...
Section 2g - Penalties for Unfair Practices; Enforcement - Section 2G. The powers vested in the commissioner by sections...
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 2H. Notwithstanding any general or special law to the...
Section 2i - Compliance With Federal Laws and Regulations - Section 2I. A bank shall comply with the following federal...
Section 2j - Confidentiality of Information Provided in Applications Filed With Commissioner - Section 2J. A savings bank, co-operative bank or trust company,...
Section 3 - Meetings of Board of Directors or Board of Trustees of Bank; Reports on Bank Examinations; Records; Certificates - Section 3. Whenever the commissioner deems it expedient, he may...
Section 4 - Summoning and Examination of Bank Officers - Section 4. The commissioner, or his examiners or such others...
Section 5 - Request for Bank Examination - Section 5. Upon written application on oath to the commissioner...
Section 6 - Manner and Form of Books and Accounts; Manner of Safeguard and Deposit of Money and Securities - Section 6. The commissioner may prescribe the manner and form...
Section 6a - Copies of Agreements Concerning Federal Reserve Regulations and Operating Letters, Clearing House Rules, etc.; Rules and Regulations - Section 6A. Any bank, as defined in section one, or...
Section 7 - Statements and Reports Required by Commissioner or by Law - Section 7. In addition to the reports required by law,...
Section 8 - Failure to Make or Amend Return, Statement or Report - Section 8. An officer of any bank who, for fifteen...
Section 9 - Destruction or Disposal of Records, etc.; Payment of Proceeds - Section 9. Returns to the commissioner under section twenty-two A...
Section 10 - Reports of Fraud, Embezzlement or Misconduct by Bank Officers or Employees - Section 10. Any violation of sections fifty-two to fifty-three A,...
Section 11 - Shortages in Funds; Reports; Fine - Section 11. Any shortage of five thousand dollars or more...
Section 12 - Misconduct by Bank Officers; Suspension; Removal - Section 12. If, after inquiry, the commissioner finds that any...
Section 12a - Criminal Charges Against Bank Officers; Suspension or Removal From Office - Section 12A. Whenever any officer of a bank, including a...
Section 13 - Annual Reports - Section 13. All annual reports submitted to the commissioner by...
Section 14 - Credit Needs of Local Communities; Assessment of Banks; Regulations; Application for Establishment of Domestic Branch; Examination; Alternative Community Reinvestment Examination Procedure - Section 14. The commissioner shall assess the record of each...
Section 14a - Mortgage Review Boards; Members; Terms; Appointment; Meetings; Rules and Regulations - Section 14A. There shall be four regional mortgage review boards...
Section 14c - Small Business Loan Review Boards; Members; Terms; Appointment; Meetings; Rules and Regulations - Section 14C. There shall be established four regional small business...
Section 15 - Annual List to Investment Committee of Banks Meeting Local Community Needs - Section 15. The commissioner of banks shall annually prepare and...
Section 15a - Annual List of Legal Investments - Section 15A. (a) As used in this section and in...
Section 15b - Inclusion of Certain Investments in List of Legal Investments Upon Approval by Commissioner; Application by Credit Union; Refunding Bonds - Section 15B. (a) The legal list prepared pursuant to section...
Section 15c - Classes of Bonds, Notes or Other Interest-Bearing Federal, State and International Obligations in Which Entity May Invest - Section 15C. An entity that may invest pursuant to section...
Section 15d - Classes of Bonds, Notes or Other Interest-Bearing Municipal Obligations in Which Entity May Invest - Section 15D. An entity authorized to invest pursuant to section...
Section 15e - Investment in Bonds, Notes or Other Interest-Bearing Obligations of Railroad Corporations - Section 15E. (a) An entity that may invest pursuant to...
Section 15f - Investment in Bonds of Company Engaged in the Business of Furnishing Telephone Service - Section 15F. (a) As used in sections 15F and 15G,...
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 15G. (a) An entity that may invest pursuant to...
Section 15h - Investment in Common Stock of Banking Corporations and Bank Holding Companies - Section 15H. An entity that may invest pursuant to section...
Section 15i - Purchase of Stock of Savings or Co-Operative Bank, Federal Savings and Loan Association or Federal Saving Bank - Section 15I. Subject to applicable banking laws, an entity that...
Section 15j - Investment in Capital Stock of Insurance Company Conducting Fire and Casualty Insurance Business - Section 15J. An entity that may invest pursuant to section...
Section 15k - Classes of Securities in Which Entity May Invest - Section 15K. An entity that may invest pursuant to section...
Section 18 - Appraisal of Real Estate in Case of Excessive Loan - Section 18. Whenever in the opinion of the commissioner an...
Section 19 - Losses of Bank Exceeding Surplus and Other Reserve Accounts - Section 19. Whenever it has been determined by the commissioner,...
Section 21 - Closing of Banks - Section 21. Any bank, which term for the purposes of...
Section 21a - Assent to and Participation in Bank Reorganization by Government Officers - Section 21A. Any officer of the commonwealth or of any...
Section 22 - Taking Possession of Property and Business of Bank by Commissioner - Section 22. Whenever it shall appear to the commissioner that...
Section 23 - Notice of Taking Possession of Bank by Commissioner - Section 23. Upon taking possession of the property and business...
Section 24 - Collection of Moneys Due and Liquidation of Affairs of Banks in Possession of Commissioner - Section 24. Upon taking possession of the property and business...
Section 25 - Prosecution and Defense of Suits and Other Legal Proceedings; Sales of Property - Section 25. To execute and perform the powers and duties...
Section 26 - Appointment of Agents to Assist in Liquidation and Distribution; Federal Agencies as Liquidating Agent; Subrogation Rights - Section 26. The commissioner may, under his hand and official...
Section 26a - Assistance of Federal Agency as Liquidating Agent; Notice Requirements - Section 26A. Whenever a federal agency, as defined in section...
Section 26b - National Credit Union Administration Board as Liquidating Agent of Credit Unions; Subrogation Rights - Section 26B. The commissioner may, under his hand and official...
Section 27 - Inventory of Bank Assets - Section 27. Upon taking possession of the property and assets...
Section 28 - Notice to Claimants; Claims Presented - Section 28. The commissioner shall publish weekly for three consecutive...
Section 29 - List of Claims Presented - Section 29. Upon the expiration of the time fixed for...
Section 30 - Fees and Expenses - Section 30. The compensation of the special agents, counsel, employees...
Section 31 - Dividends; Objections to Claims - Section 31. At any time after the expiration of the...
Section 31a - Dividend Payments to Minors; Disposition of Accounts of Decedents - Section 31A. In the case of a deposit standing in...
Section 32 - Property Deposited With Bank; Disposition - Section 32. Should any bank, at the time when the...
Section 33 - Bank Aggrieved by Action of Commissioner; Application for Injunction - Section 33. Whenever any bank of whose property and business...
Section 34 - Stockholders' Meeting - Section 34. Whenever the commissioner has paid to every depositor...
Section 35 - Unclaimed Dividends and Funds - Section 35. Unclaimed dividends and all other funds received from...
Section 35a - Destruction of Books, Records, Etc. Concerning Bank and Liquidation Thereof - Section 35A. After the expiration of six years from the...
Section 35b - Reports on Banks in Possession of Commissioner - Section 35B. The commissioner shall, while any such bank is...
Section 36 - Equity Jurisdiction of Supreme Judicial Court - Section 36. The supreme judicial court, or any justice thereof,...
Section 36a - Appointment of Conservator; Powers and Duties; Compensation; Termination; Equity Jurisdiction of Supreme Court - Section 36A. In addition to all other powers conferred upon...
Section 37 - Unauthorized Banking - Section 37. No domestic or foreign corporation or individual, partnership...
Section 37a - Examination of Accounts, Books and Papers to Determine Violation of Sec. 37 - Section 37A. The commissioner or his examiners may examine the...
Section 37b - Student Bank Programs - Section 37B. A bank, federal bank, federal credit union or...
Section 40 - Examination of Foreign or Out-of-State Banks; Charges; Availability of Reports and Information; Cooperation With Other Jurisdictions - Section 40. The commissioner shall, in the manner prescribed in...
Section 40a - Registration With Commissioner; Reports - Section 40A. Each foreign bank, out-of-state bank and out-of-state federal...
Section 41 - Access to Vaults, Books and Papers; Summoning Witnesses; Administering Oaths - Section 41. For the purposes of section forty, the commissioner...
Section 42 - Insolvent Foreign or Out-of-State Banks; Injunction - Section 42. If, upon examination, it appears that any such...
Section 46 - Honoring and Cashing of Pensioners' and Retirees' Checks - Section 46. Every bank doing business in the commonwealth, which...
Section 48 - Financing of Premises Containing Lead in Paint, Plaster or Materials - Section 48. No bank, lending institution, credit union or mortgagee...
Section 49 - Definitions Applicable to Secs. 49 to 51 - Section 49. Whenever used in this section, and sections 50...
Section 50 - Compliance Review Supervisor - Section 50. A bank, by vote of its board of...
Section 51 - Compliance Review Documents; Confidentiality - Section 51. Except as provided in section 50, the proceedings...