Section 8. Any such bank may subscribe for and acquire stock issued by the Federal Reserve Bank of Boston for the purpose of qualifying for membership in the federal reserve system, and while a member of such system may have and exercise any and all of the corporate powers and privileges which may be exercised by federal reserve member banks.
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