Massachusetts General Laws
Title XXII - Corporations
Chapter 168 - Savings Banks

Section 1 - Definitions - Section 1. (a) As used in sections 1 to 9,...

Section 2 - Powers - Section 2. A savings bank shall have all the powers...

Section 3 - Application of This Chapter and Chapters 167c to 167g, 167i and 167j - Section 3. A corporation organized pursuant to this chapter prior...

Section 4 - Capital Structure - Section 4. A savings bank shall upon its incorporation have...

Section 5 - Formation of Savings Bank; Powers, Privileges and Duties Related to Corporations; Agreement of Association - Section 5. Fifteen or more individuals who associate themselves by...

Section 6 - Notice of Intention to Form Saving Bank; Application for Certificate - Section 6. A notice of the intention of the incorporators...

Section 7 - First Meeting of Incorporators - Section 7. The first meeting of the incorporators shall be...

Section 8 - Articles of Organization; Certificate of Incorporation - Section 8. The president, clerk or secretary and a majority...

Section 9 - List of Stockholders; Issuance of Certificate Authorizing Corporation to Begin Transaction of Business - Section 9. When all the capital stock has been issued...

Section 10 - Applicability of Sections to Mutual Banks and to Stock - Section 10. A mutual bank shall be subject to sections...

Section 11 - Place of Meetings of Corporators, Board of Trustees and Board of Investment of Mutual Bank - Section 11. Meetings of the corporators, board of trustees and...

Section 12 - Corporators of Mutual Bank - Section 12. A mutual bank shall have at least 25...

Section 13 - Annual and Special Meetings of Corporators of Mutual Bank - Section 13. The annual meeting of the corporators of a...

Section 14 - Board of Trustees of Mutual Bank - Section 14. A mutual bank shall have a board of...

Section 15 - Regular and Special Meetings of Board of Trustees of Mutual Bank - Section 15. A regular meeting of the board of trustees...

Section 16 - Board of Investment of Mutual Bank - Section 16. (a) A mutual bank shall have a board...

Section 17 - Officers of Mutual Bank - Section 17. In addition to the trustees and members of...

Section 18 - Election of Officers, Members of Board of Trustees and Members of Board of Investment - Section 18. The clerk of a mutual bank and such...

Section 19 - Notice of Election to Person Not Present at Meeting at Which Such Person Was Elected; Filing of List of Names - Section 19. Each person elected to office at the annual...

Section 20 - Auditing Committee; Other Committees - Section 20. At least once during each 12 month period,...

Section 21 - By-Laws - Section 21. The by-laws of the corporation may provide for...

Section 21a - Action Without Meeting - Section 21A. Subsection (a) to (d), inclusive, shall apply to...

Section 22 - Stock Bank; Adoption of By-Laws; Regulations Controlling Assignment and Transfer of Shares; Quorum - Section 22. A stock bank may adopt by-laws for the...

Section 23 - Stockholder Voting; Votes by Proxy - Section 23. Stockholders entitled to vote may vote in person...

Section 24 - Board of Directors of Stock Bank; Executive Committee - Section 24. The business of a stock bank shall be...

Section 25 - Election of Officers - Section 25. The clerk or secretary shall be elected by...

Section 26 - Meetings of Board of Directors - Section 26. The board of directors shall meet at intervals,...

Section 27 - Savings Banks Employees Retirement Association - Section 27. Fifteen or more savings banks may form the...

Section 28 - By-Laws of Savings Banks Employees Retirement Association - Section 28. The by-laws of the association shall be submitted...

Section 29 - Exemption of Savings Banks Employees Retirement Association Property and Funds From Taxation, Operation of Law Relating to Insolvency, Attachment and Execution; Assignment of Rights - Section 29. The property of the association, the portion of...

Section 30 - Savings Banks Employees Benefit Association - Section 30. The participating members of the Savings Banks Employees...

Section 31 - By-Laws of Savings Banks Employees Benefit Association - Section 31. The trustees of the Savings Banks Employees Retirement...

Section 32 - Exemption of Savings Banks Employees Benefit Association Property From Taxation, Operation of Law Relating to Insolvency, Attachment and Execution; Assignment of Rights - Section 32. The property of the benefit association shall be...