Massachusetts General Laws
Chapter 168 - Savings Banks
Section 17 - Officers of Mutual Bank

Section 17. In addition to the trustees and members of the board of investment, the officers of a mutual bank shall be a president, 1 or more vice presidents, a treasurer, a clerk and, subject to applicable provisions of the by-laws, such other officers as from time to time may be determined by the trustees to be necessary for the management of the affairs of such corporation; provided, that the duties of any such other officer shall not be in conflict with those of the president or treasurer. As used in this section and in section 20 and sections 2 and 5 of chapter 167J, the term ''operating officers'' shall mean and include the president, vice presidents, any assistant vice presidents, the treasurer, any vice treasurer, assistant treasurers, any branch managers, any person performing the duties of auditor and such other officers as may be designated as operating officers by vote of the board of trustees.
The president shall be a trustee. A vice president may perform the duties of the president to the extent authorized in the by-laws. The treasurer may at the same time be a vice president. A vice treasurer or an assistant treasurer may perform all the duties of the treasurer. The clerk shall be the clerk of the corporation and clerk of the trustees.
An operating officer of the corporation shall not hold the office or perform the duties of president, vice president, cashier or treasurer of a national banking association or a trust company, and the operating officer shall be governed by section 8 of chapter 167J with respect to holding office in another savings bank or in a co-operative bank or federal savings and loan association.

Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title XXII - Corporations

Chapter 168 - Savings Banks

Section 1 - Definitions

Section 2 - Powers

Section 3 - Application of This Chapter and Chapters 167c to 167g, 167i and 167j

Section 4 - Capital Structure

Section 5 - Formation of Savings Bank; Powers, Privileges and Duties Related to Corporations; Agreement of Association

Section 6 - Notice of Intention to Form Saving Bank; Application for Certificate

Section 7 - First Meeting of Incorporators

Section 8 - Articles of Organization; Certificate of Incorporation

Section 9 - List of Stockholders; Issuance of Certificate Authorizing Corporation to Begin Transaction of Business

Section 10 - Applicability of Sections to Mutual Banks and to Stock

Section 11 - Place of Meetings of Corporators, Board of Trustees and Board of Investment of Mutual Bank

Section 12 - Corporators of Mutual Bank

Section 13 - Annual and Special Meetings of Corporators of Mutual Bank

Section 14 - Board of Trustees of Mutual Bank

Section 15 - Regular and Special Meetings of Board of Trustees of Mutual Bank

Section 16 - Board of Investment of Mutual Bank

Section 17 - Officers of Mutual Bank

Section 18 - Election of Officers, Members of Board of Trustees and Members of Board of Investment

Section 19 - Notice of Election to Person Not Present at Meeting at Which Such Person Was Elected; Filing of List of Names

Section 20 - Auditing Committee; Other Committees

Section 21 - By-Laws

Section 21a - Action Without Meeting

Section 22 - Stock Bank; Adoption of By-Laws; Regulations Controlling Assignment and Transfer of Shares; Quorum

Section 23 - Stockholder Voting; Votes by Proxy

Section 24 - Board of Directors of Stock Bank; Executive Committee

Section 25 - Election of Officers

Section 26 - Meetings of Board of Directors

Section 27 - Savings Banks Employees Retirement Association

Section 28 - By-Laws of Savings Banks Employees Retirement Association

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 30 - Savings Banks Employees Benefit Association

Section 31 - By-Laws of Savings Banks Employees Benefit Association

Section 32 - Exemption of Savings Banks Employees Benefit Association Property From Taxation, Operation of Law Relating to Insolvency, Attachment and Execution; Assignment of Rights