Mass. Gen. Laws ch. 167J – Corporate Governance Provisions and Requirements | Midpage

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Massachusetts General Laws

Chapter 167J

Mass. Gen. Laws ch. 167J

Corporate Governance Provisions and Requirements

1Definitions 2Bond of officers and employees of bank 3Duties of treasurer of bank under other provisions of law 4Misconduct of officer, director, agent or employee of bank 5Fee, commission, gift or other consideration in connection with business of corporation 6Penalty for violations of Secs. 5 or 10 7Payment of interest on deposit accounts 8Trustee, director or other officer of bank simultaneously serving in same capacity for certain other institutions 9Annual statement of condition of bank 10Loans or extensions of credit to officer, director or trustee of bank 11Quarterly written reporting of summary of transactions and other information requested by board 12Audit of balance sheet and other financial statements of mutual bank 13Maintenance of capital and surplus or surplus account deemed adequately capitalized 14Capital stock of stock corporation 15Report of transfer of stock resulting in ownership of 10 per cent or more of outstanding stock with voting power 16Determination of record date of right to notice of and to vote at stockholder's meeting 17Declaration of dividends 18Grant of options to purchase, issue and sell shares of capital stock to directors, officers and employees 19Stock purchase plans, restricted stock purchase plans and stock grant plans for employees, officers and directors 20Issue and sale of capital notes and debentures 21Election of alternative corporate governance procedures; designation in by-laws of body of law selected for corporate governance procedure