CHAPTER 167 SUPERVISION OF BANKS - Massachusetts Statutes

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER167

Section 1 Definitions
Section 1A Rules and regulations
Section 1B Corporations conducting business of banking company
Section 2 Examination of banks
Section 2A Definitions applicable to Secs. 2A to 2G; unfair practices involving consumer transactions; rules and regulations
Section 2B Investigation of unfair practices
Section 2C Proceedings regarding unfair practices; notice; hearing
Section 2D Unfair practices; findings; cease and desist orders; penalty; modification of order
Section 2E Review of cease and desist orders; civil liability
Section 2F Violations of cease and desist orders; penalties
Section 2G Penalties for unfair practices; enforcement
Section 3 Meetings of board of directors or board of trustees of bank; reports on bank examinations; records; certificates
Section 4 Summoning and examination of bank officers
Section 5 Request for bank examination
Section 6 Manner and form of books and accounts; safeguards; deposits
Section 6A Copies of agreements concerning Federal Reserve regulations and operating letters, clearing house rules, etc.; rules and regulations
Section 7 Statements and reports required by commissioner or by law
Section 8 Failure to make or amend return, statement or report
Section 9 Destruction or disposal of records, etc.; payment of proceeds
Section 10 Reports of fraud, embezzlement or misconduct by bank officers or employees
Section 11 Shortages in funds; reports; fine
Section 12 Misconduct by bank officers; suspension; removal
Section 12A Criminal charges against bank officers; suspension or removal from office
Section 13 Annual reports
Section 14 Credit needs of local communities; assessment of banks; regulations; application for establishment of domestic branch; examination; alternative community reinvestment examination procedure
Section 14A Mortgage review boards; members; terms; appointment; meetings; rules and regulations
Section 14B Repealed, 1996, 359, Sec. 4
Section 14C Small business loan review boards; members; terms; appointment; meetings; rules and regulations
Section 15 Annual list to investment committee of banks meeting local community needs
Section 15A Annual list of legal investments
Section 15B Inclusion in list of investments of securities not otherwise eligible
Section 16 Repealed, 1987, 296, Sec. 1
Section 17 Repealed, 1996, 359, Sec. 5
Section 18 Appraisal of real estate in case of excessive loan
Section 19 Losses of bank exceeding surplus and other reserve accounts
Section 20 Verification of savings accounts
Section 21 Closing of banks
Section 21A Assent to and participation in bank reorganization by government officers
Section 22 Taking possession of property and business of bank by commissioner
Section 23 Notice of taking possession of bank by commissioner
Section 24 Collection of moneys due and liquidation of affairs of banks in possession of commissioner
Section 25 Prosecution and defense of suits and other legal proceedings; sales of property
Section 26 Appointment of agents to assist in liquidation and distribution; federal agencies as liquidating agent; subrogation rights
Section 26A Assistance of federal agency as liquidating agent; notice requirements
Section 26B National Credit Union Administration Board as liquidating agent of credit unions; subrogation rights
Section 27 Inventory of bank assets
Section 28 Notice to claimants; claims presented
Section 29 List of claims presented
Section 30 Fees and expenses
Section 31 Dividends; objections to claims
Section 31A Dividend payments to minors; disposition of accounts of decedents
Section 32 Property deposited with bank; disposition
Section 33 Bank aggrieved by action of commissioner; application for injunction
Section 34 Stockholders’ meeting
Section 35 Unclaimed dividends and funds
Section 35A Destruction of books, records, etc. concerning bank and liquidation thereof
Section 35B Reports on banks in possession of commissioner
Section 36 Equity jurisdiction of supreme judicial court
Section 36A Appointment of conservator; powers and duties; compensation; termination; equity jurisdiction of supreme court
Section 37 Unauthorized banking
Section 37A Examination of accounts, books and papers to determine violation of Sec. 37
Section 37B Student bank programs
Section 38 Foreign banks; certificate to transact business; housing partnership fund loans
Section 38A Repealed, 1982, 626, Sec. 2
Section 39 Branch offices of foreign banks; merger, consolidation, or purchase of assets or stock of state banks
Section 39A Repealed, 1982, 626, Sec. 2
Section 39B Out-of-state banks; merger or consolidation with Massachusetts bank; applicable laws
Section 39C Branch de novo; purchase of branch without purchasing bank; applicable laws
Section 40 Examination of foreign or out-of-state banks; charges; availability of reports and information; cooperation with other jurisdictions
Section 40A Registration with commissioner; reports
Section 41 Access to vaults, books and papers; summoning witnesses; administering oaths
Section 42 Insolvent foreign or out-of-state banks; injunction
Section 43 Fiduciary capacity; authorization
Section 43A Certificate authorizing out-of-state bank to act as fiduciary; applicable law
Section 44 to 45A Repealed, 1982, 626, Secs. 1, 2
Section 46 Honoring and cashing of pensioners’ and retirees’ checks
Section 47 Discrimination against financing of dwellings having urea formaldehyde foam insulation
Section 48 Financing of premises containing lead in paint, plaster or materials
Section 49 Definitions
Section 50 Compliance review supervisor
Section 51 Compliance review documents; confidentiality

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER167

Section 1 Definitions
Section 1A Rules and regulations
Section 1B Corporations conducting business of banking company
Section 2 Examination of banks
Section 2A Definitions applicable to Secs. 2A to 2G; unfair practices involving consumer transactions; rules and regulations
Section 2B Investigation of unfair practices
Section 2C Proceedings regarding unfair practices; notice; hearing
Section 2D Unfair practices; findings; cease and desist orders; penalty; modification of order
Section 2E Review of cease and desist orders; civil liability
Section 2F Violations of cease and desist orders; penalties
Section 2G Penalties for unfair practices; enforcement
Section 3 Meetings of board of directors or board of trustees of bank; reports on bank examinations; records; certificates
Section 4 Summoning and examination of bank officers
Section 5 Request for bank examination
Section 6 Manner and form of books and accounts; safeguards; deposits
Section 6A Copies of agreements concerning Federal Reserve regulations and operating letters, clearing house rules, etc.; rules and regulations
Section 7 Statements and reports required by commissioner or by law
Section 8 Failure to make or amend return, statement or report
Section 9 Destruction or disposal of records, etc.; payment of proceeds
Section 10 Reports of fraud, embezzlement or misconduct by bank officers or employees
Section 11 Shortages in funds; reports; fine
Section 12 Misconduct by bank officers; suspension; removal
Section 12A Criminal charges against bank officers; suspension or removal from office
Section 13 Annual reports
Section 14 Credit needs of local communities; assessment of banks; regulations; application for establishment of domestic branch; examination; alternative community reinvestment examination procedure
Section 14A Mortgage review boards; members; terms; appointment; meetings; rules and regulations
Section 14B Repealed, 1996, 359, Sec. 4
Section 14C Small business loan review boards; members; terms; appointment; meetings; rules and regulations
Section 15 Annual list to investment committee of banks meeting local community needs
Section 15A Annual list of legal investments
Section 15B Inclusion in list of investments of securities not otherwise eligible
Section 16 Repealed, 1987, 296, Sec. 1
Section 17 Repealed, 1996, 359, Sec. 5
Section 18 Appraisal of real estate in case of excessive loan
Section 19 Losses of bank exceeding surplus and other reserve accounts
Section 20 Verification of savings accounts
Section 21 Closing of banks
Section 21A Assent to and participation in bank reorganization by government officers
Section 22 Taking possession of property and business of bank by commissioner
Section 23 Notice of taking possession of bank by commissioner
Section 24 Collection of moneys due and liquidation of affairs of banks in possession of commissioner
Section 25 Prosecution and defense of suits and other legal proceedings; sales of property
Section 26 Appointment of agents to assist in liquidation and distribution; federal agencies as liquidating agent; subrogation rights
Section 26A Assistance of federal agency as liquidating agent; notice requirements
Section 26B National Credit Union Administration Board as liquidating agent of credit unions; subrogation rights
Section 27 Inventory of bank assets
Section 28 Notice to claimants; claims presented
Section 29 List of claims presented
Section 30 Fees and expenses
Section 31 Dividends; objections to claims
Section 31A Dividend payments to minors; disposition of accounts of decedents
Section 32 Property deposited with bank; disposition
Section 33 Bank aggrieved by action of commissioner; application for injunction
Section 34 Stockholders’ meeting
Section 35 Unclaimed dividends and funds
Section 35A Destruction of books, records, etc. concerning bank and liquidation thereof
Section 35B Reports on banks in possession of commissioner
Section 36 Equity jurisdiction of supreme judicial court
Section 36A Appointment of conservator; powers and duties; compensation; termination; equity jurisdiction of supreme court
Section 37 Unauthorized banking
Section 37A Examination of accounts, books and papers to determine violation of Sec. 37
Section 37B Student bank programs
Section 38 Foreign banks; certificate to transact business; housing partnership fund loans
Section 38A Repealed, 1982, 626, Sec. 2
Section 39 Branch offices of foreign banks; merger, consolidation, or purchase of assets or stock of state banks
Section 39A Repealed, 1982, 626, Sec. 2
Section 39B Out-of-state banks; merger or consolidation with Massachusetts bank; applicable laws
Section 39C Branch de novo; purchase of branch without purchasing bank; applicable laws
Section 40 Examination of foreign or out-of-state banks; charges; availability of reports and information; cooperation with other jurisdictions
Section 40A Registration with commissioner; reports
Section 41 Access to vaults, books and papers; summoning witnesses; administering oaths
Section 42 Insolvent foreign or out-of-state banks; injunction
Section 43 Fiduciary capacity; authorization
Section 43A Certificate authorizing out-of-state bank to act as fiduciary; applicable law
Section 44 to 45A Repealed, 1982, 626, Secs. 1, 2
Section 46 Honoring and cashing of pensioners’ and retirees’ checks
Section 47 Discrimination against financing of dwellings having urea formaldehyde foam insulation
Section 48 Financing of premises containing lead in paint, plaster or materials
Section 49 Definitions
Section 50 Compliance review supervisor
Section 51 Compliance review documents; confidentiality

State Codes and Statutes

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State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER167

Section 1 Definitions
Section 1A Rules and regulations
Section 1B Corporations conducting business of banking company
Section 2 Examination of banks
Section 2A Definitions applicable to Secs. 2A to 2G; unfair practices involving consumer transactions; rules and regulations
Section 2B Investigation of unfair practices
Section 2C Proceedings regarding unfair practices; notice; hearing
Section 2D Unfair practices; findings; cease and desist orders; penalty; modification of order
Section 2E Review of cease and desist orders; civil liability
Section 2F Violations of cease and desist orders; penalties
Section 2G Penalties for unfair practices; enforcement
Section 3 Meetings of board of directors or board of trustees of bank; reports on bank examinations; records; certificates
Section 4 Summoning and examination of bank officers
Section 5 Request for bank examination
Section 6 Manner and form of books and accounts; safeguards; deposits
Section 6A Copies of agreements concerning Federal Reserve regulations and operating letters, clearing house rules, etc.; rules and regulations
Section 7 Statements and reports required by commissioner or by law
Section 8 Failure to make or amend return, statement or report
Section 9 Destruction or disposal of records, etc.; payment of proceeds
Section 10 Reports of fraud, embezzlement or misconduct by bank officers or employees
Section 11 Shortages in funds; reports; fine
Section 12 Misconduct by bank officers; suspension; removal
Section 12A Criminal charges against bank officers; suspension or removal from office
Section 13 Annual reports
Section 14 Credit needs of local communities; assessment of banks; regulations; application for establishment of domestic branch; examination; alternative community reinvestment examination procedure
Section 14A Mortgage review boards; members; terms; appointment; meetings; rules and regulations
Section 14B Repealed, 1996, 359, Sec. 4
Section 14C Small business loan review boards; members; terms; appointment; meetings; rules and regulations
Section 15 Annual list to investment committee of banks meeting local community needs
Section 15A Annual list of legal investments
Section 15B Inclusion in list of investments of securities not otherwise eligible
Section 16 Repealed, 1987, 296, Sec. 1
Section 17 Repealed, 1996, 359, Sec. 5
Section 18 Appraisal of real estate in case of excessive loan
Section 19 Losses of bank exceeding surplus and other reserve accounts
Section 20 Verification of savings accounts
Section 21 Closing of banks
Section 21A Assent to and participation in bank reorganization by government officers
Section 22 Taking possession of property and business of bank by commissioner
Section 23 Notice of taking possession of bank by commissioner
Section 24 Collection of moneys due and liquidation of affairs of banks in possession of commissioner
Section 25 Prosecution and defense of suits and other legal proceedings; sales of property
Section 26 Appointment of agents to assist in liquidation and distribution; federal agencies as liquidating agent; subrogation rights
Section 26A Assistance of federal agency as liquidating agent; notice requirements
Section 26B National Credit Union Administration Board as liquidating agent of credit unions; subrogation rights
Section 27 Inventory of bank assets
Section 28 Notice to claimants; claims presented
Section 29 List of claims presented
Section 30 Fees and expenses
Section 31 Dividends; objections to claims
Section 31A Dividend payments to minors; disposition of accounts of decedents
Section 32 Property deposited with bank; disposition
Section 33 Bank aggrieved by action of commissioner; application for injunction
Section 34 Stockholders’ meeting
Section 35 Unclaimed dividends and funds
Section 35A Destruction of books, records, etc. concerning bank and liquidation thereof
Section 35B Reports on banks in possession of commissioner
Section 36 Equity jurisdiction of supreme judicial court
Section 36A Appointment of conservator; powers and duties; compensation; termination; equity jurisdiction of supreme court
Section 37 Unauthorized banking
Section 37A Examination of accounts, books and papers to determine violation of Sec. 37
Section 37B Student bank programs
Section 38 Foreign banks; certificate to transact business; housing partnership fund loans
Section 38A Repealed, 1982, 626, Sec. 2
Section 39 Branch offices of foreign banks; merger, consolidation, or purchase of assets or stock of state banks
Section 39A Repealed, 1982, 626, Sec. 2
Section 39B Out-of-state banks; merger or consolidation with Massachusetts bank; applicable laws
Section 39C Branch de novo; purchase of branch without purchasing bank; applicable laws
Section 40 Examination of foreign or out-of-state banks; charges; availability of reports and information; cooperation with other jurisdictions
Section 40A Registration with commissioner; reports
Section 41 Access to vaults, books and papers; summoning witnesses; administering oaths
Section 42 Insolvent foreign or out-of-state banks; injunction
Section 43 Fiduciary capacity; authorization
Section 43A Certificate authorizing out-of-state bank to act as fiduciary; applicable law
Section 44 to 45A Repealed, 1982, 626, Secs. 1, 2
Section 46 Honoring and cashing of pensioners’ and retirees’ checks
Section 47 Discrimination against financing of dwellings having urea formaldehyde foam insulation
Section 48 Financing of premises containing lead in paint, plaster or materials
Section 49 Definitions
Section 50 Compliance review supervisor
Section 51 Compliance review documents; confidentiality