Section 5. A bank may become a member of the Federal Home Loan Bank established for the district of New England under the provisions of an act of Congress, approved July twenty-second, nineteen hundred and thirty-two, as amended, and known as the Federal Home Loan Bank Act, or of any successor of said bank; and may terminate such membership at any time. A bank may subscribe to and invest in such amounts of the stock of said home loan bank or of any such successor as may be required by law to qualify such corporation for membership therein.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 167f - Investments and Other Powers
Section 2a - Sale of Insurance by Banks
Section 3 - Investments; Classes of Stocks
Section 4 - Selling, Issuing or Registering Checks or Money Orders; Multi-State Licensing System
Section 5 - Federal Home Loan Bank; Membership; Investment in Stock
Section 8 - Subscription for and Acquisition of Stock Issued by Federal Reserve Bank of Boston