Massachusetts General Laws
Title XXII - Corporations
Chapter 167j - Corporate Governance Provisions and Requirements

Section 1 - Definitions - Section 1. As used in this chapter, the following words...

Section 2 - Bond of Officers and Employees of Bank - Section 2. Officers and employees of a bank shall be...

Section 3 - Duties of Treasurer of Bank Under Other Provisions of Law - Section 3. In addition to the duties imposed by law...

Section 4 - Misconduct of Officer, Director, Agent or Employee of Bank - Section 4. Any officer, trustee, director, agent or employee of...

Section 5 - Fee, Commission, Gift or Other Consideration in Connection With Business of Corporation - Section 5. No officer, director, trustee, employee or attorney of...

Section 6 - Penalty for Violations of Secs. 5 or 10 - Section 6. Whoever violates section 5 or section 10 shall...

Section 7 - Payment of Interest on Deposit Accounts - Section 7. A bank may pay interest on deposit accounts...

Section 8 - Trustee, Director or Other Officer of Bank Simultaneously Serving in Same Capacity for Certain Other Institutions - Section 8. A trustee, a director or other officer of...

Section 9 - Annual Statement of Condition of Bank - Section 9. Each bank shall, annually, within 30 days after...

Section 10 - Loans or Extensions of Credit to Officer, Director or Trustee of Bank - Section 10. An officer, director or trustee of a bank,...

Section 11 - Quarterly Written Reporting of Summary of Transactions and Other Information Requested by Board - Section 11. Not less frequently than quarterly, the treasurer or...

Section 12 - Audit of Balance Sheet and Other Financial Statements of Mutual Bank - Section 12. At least once during each 12 months following...

Section 13 - Maintenance of Capital and Surplus or Surplus Account Deemed Adequately Capitalized - Section 13. A bank shall maintain capital and surplus if...

Section 14 - Capital Stock of Stock Corporation - Section 14. The capital stock of a stock corporation shall...

Section 15 - Report of Transfer of Stock Resulting in Ownership of 10 per Cent or More of Outstanding Stock With Voting Power - Section 15. The registrar, transfer agent or other officer or...

Section 16 - Determination of Record Date of Right to Notice of and to Vote at Stockholder's Meeting - Section 16. The directors may fix in advance a time,...

Section 17 - Declaration of Dividends - Section 17. The board of directors may declare from net...

Section 18 - Grant of Options to Purchase, Issue and Sell Shares of Capital Stock to Directors, Officers and Employees - Section 18. Such stock corporation may grant options to purchase,...

Section 19 - Stock Purchase Plans, Restricted Stock Purchase Plans and Stock Grant Plans for Employees, Officers and Directors - Section 19. Such corporation may establish stock purchase plans, restricted...

Section 20 - Issue and Sale of Capital Notes and Debentures - Section 20. (a) A stock company may, subject to the...

Section 21 - Election of Alternative Corporate Governance Procedures; Designation in By-Laws of Body of Law Selected for Corporate Governance Procedure - Section 21. A bank's corporate governance procedures shall comply with...