State Codes and Statutes
Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER172
Section 1 Definitions
Section 1A Powers
Section 2 Application of this chapter and chapters 167C to 167G, inclusive
Section 3 Use of words “trust company”
Section 4 Capital structure upon incorporation
Section 5 Agreement of association
Section 6 Notice and application to board of bank incorporators; certificate; hearing
Section 7 First meeting of incorporators
Section 8 Articles of organization; certificate of incorporation
Section 9 List of stockholders; certificate authorizing corporation to begin transacting business
Section 9A Limited purpose trust company; notice and application; out-of-state offices
Section 10 Repealed, 1987, 239, Sec. 10
Section 11 By-laws
Section 12 Stockholder voting
Section 13 Board of directors; executive committee
Section 14 Election of officers
Section 15 Officers and employees; bond
Section 16 Meetings of board of directors; report on transactions
Section 17 Duties of treasurer under other provisions of law
Section 18 Loans or extension of credit to officers or directors; ownership of real property by officers or directors when mortgage held by corporation
Section 19 Director or officer serving in same capacity for other financial institutions
Section 20 Fee, commission, gift or other consideration in connection with corporation business; salary, interest on deposits, corporation benefits or profits; disclosure
Section 21 Misconduct of officer, director, agent or employee
Section 22 Annual report; balance sheet
Section 22A Return in form of trial balance to commissioner
Section 23 Violation of Sec. 18 or 20
Section 24 Capital stock
Section 25 Options to purchase, issuance and sale of shares of capital stock to employees
Section 25A Stock purchase plans, restricted stock purchase plans and stock grant plans
Section 26 Records and reports of transfers of stock
Section 26A Notice of proposed acquisition; disapproval
Section 26B Acquisition of company having capital stock divided into shares
Section 27 Determination of record date of right to notice of and to vote at stockholders’ meeting
Section 28 Dividends
Section 29 Repealed, 1987, 239, Sec. 13
Section 30 Issue and sale of capital notes or debentures
Section 31 Reserve
Section 32 Reserve balances for federal reserve system members
Section 33 Insufficient reserves
Section 34 Transfers to surplus reserve
Section 35 Interest on savings deposits
Section 36 Consolidation or merger; purchase, sale or exchange of assets; conversion
Section 37 Real estate holdings of trust company successor to national bank
Section 38 Advance, loan or purchase of bank assets or stock
Section 38A Restrictions on approval of merger or consolidation applications
Section 39 Dissolution and liquidation
Section 40 to 47 Repealed, 1998, 474, Sec. 8
State Codes and Statutes
Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER172
Section 1 Definitions
Section 1A Powers
Section 2 Application of this chapter and chapters 167C to 167G, inclusive
Section 3 Use of words “trust company”
Section 4 Capital structure upon incorporation
Section 5 Agreement of association
Section 6 Notice and application to board of bank incorporators; certificate; hearing
Section 7 First meeting of incorporators
Section 8 Articles of organization; certificate of incorporation
Section 9 List of stockholders; certificate authorizing corporation to begin transacting business
Section 9A Limited purpose trust company; notice and application; out-of-state offices
Section 10 Repealed, 1987, 239, Sec. 10
Section 11 By-laws
Section 12 Stockholder voting
Section 13 Board of directors; executive committee
Section 14 Election of officers
Section 15 Officers and employees; bond
Section 16 Meetings of board of directors; report on transactions
Section 17 Duties of treasurer under other provisions of law
Section 18 Loans or extension of credit to officers or directors; ownership of real property by officers or directors when mortgage held by corporation
Section 19 Director or officer serving in same capacity for other financial institutions
Section 20 Fee, commission, gift or other consideration in connection with corporation business; salary, interest on deposits, corporation benefits or profits; disclosure
Section 21 Misconduct of officer, director, agent or employee
Section 22 Annual report; balance sheet
Section 22A Return in form of trial balance to commissioner
Section 23 Violation of Sec. 18 or 20
Section 24 Capital stock
Section 25 Options to purchase, issuance and sale of shares of capital stock to employees
Section 25A Stock purchase plans, restricted stock purchase plans and stock grant plans
Section 26 Records and reports of transfers of stock
Section 26A Notice of proposed acquisition; disapproval
Section 26B Acquisition of company having capital stock divided into shares
Section 27 Determination of record date of right to notice of and to vote at stockholders’ meeting
Section 28 Dividends
Section 29 Repealed, 1987, 239, Sec. 13
Section 30 Issue and sale of capital notes or debentures
Section 31 Reserve
Section 32 Reserve balances for federal reserve system members
Section 33 Insufficient reserves
Section 34 Transfers to surplus reserve
Section 35 Interest on savings deposits
Section 36 Consolidation or merger; purchase, sale or exchange of assets; conversion
Section 37 Real estate holdings of trust company successor to national bank
Section 38 Advance, loan or purchase of bank assets or stock
Section 38A Restrictions on approval of merger or consolidation applications
Section 39 Dissolution and liquidation
Section 40 to 47 Repealed, 1998, 474, Sec. 8
State Codes and Statutes
Statutes >
Massachusetts >
PARTI >
TITLEXXII >
CHAPTER172 Section 1 DefinitionsSection 1A PowersSection 2 Application of this chapter and chapters 167C to 167G, inclusiveSection 3 Use of words “trust company”Section 4 Capital structure upon incorporationSection 5 Agreement of associationSection 6 Notice and application to board of bank incorporators; certificate; hearingSection 7 First meeting of incorporatorsSection 8 Articles of organization; certificate of incorporationSection 9 List of stockholders; certificate authorizing corporation to begin transacting businessSection 9A Limited purpose trust company; notice and application; out-of-state officesSection 10 Repealed, 1987, 239, Sec. 10Section 11 By-lawsSection 12 Stockholder votingSection 13 Board of directors; executive committeeSection 14 Election of officersSection 15 Officers and employees; bondSection 16 Meetings of board of directors; report on transactionsSection 17 Duties of treasurer under other provisions of lawSection 18 Loans or extension of credit to officers or directors; ownership of real property by officers or directors when mortgage held by corporationSection 19 Director or officer serving in same capacity for other financial institutionsSection 20 Fee, commission, gift or other consideration in connection with corporation business; salary, interest on deposits, corporation benefits or profits; disclosureSection 21 Misconduct of officer, director, agent or employeeSection 22 Annual report; balance sheetSection 22A Return in form of trial balance to commissionerSection 23 Violation of Sec. 18 or 20Section 24 Capital stockSection 25 Options to purchase, issuance and sale of shares of capital stock to employeesSection 25A Stock purchase plans, restricted stock purchase plans and stock grant plansSection 26 Records and reports of transfers of stockSection 26A Notice of proposed acquisition; disapprovalSection 26B Acquisition of company having capital stock divided into sharesSection 27 Determination of record date of right to notice of and to vote at stockholders’ meetingSection 28 DividendsSection 29 Repealed, 1987, 239, Sec. 13Section 30 Issue and sale of capital notes or debenturesSection 31 ReserveSection 32 Reserve balances for federal reserve system membersSection 33 Insufficient reservesSection 34 Transfers to surplus reserveSection 35 Interest on savings depositsSection 36 Consolidation or merger; purchase, sale or exchange of assets; conversionSection 37 Real estate holdings of trust company successor to national bankSection 38 Advance, loan or purchase of bank assets or stockSection 38A Restrictions on approval of merger or consolidation applicationsSection 39 Dissolution and liquidationSection 40 to 47 Repealed, 1998, 474, Sec. 8
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