Mass. Gen. Laws ch. 168 – Savings Banks | Midpage

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Massachusetts General Laws

Chapter 168

Mass. Gen. Laws ch. 168

Savings Banks

1Definitions 2Powers 3Application of this chapter and chapters 167C to 167G, 167I and 167J 4Capital structure 5Formation of savings bank; powers, privileges and duties related to corporations; agreement of association 6Notice of intention to form saving bank; application for certificate 7First meeting of incorporators 8Articles of organization; certificate of incorporation 9List of stockholders; issuance of certificate authorizing corporation to begin transaction of business 10Applicability of sections to mutual banks and to stock 11Place of meetings of corporators, board of trustees and board of investment of mutual bank 12Corporators of mutual bank 13Annual and special meetings of corporators of mutual bank 14Board of trustees of mutual bank 15Regular and special meetings of board of trustees of mutual bank 16Board of investment of mutual bank 17Officers of mutual bank 18Election of officers, members of board of trustees and members of board of investment 19Notice of election to person not present at meeting at which such person was elected; filing of list of names 20Auditing committee; other committees 21By-laws 21AAction without meeting 22Stock bank; adoption of by-laws; regulations controlling assignment and transfer of shares; quorum 23Stockholder voting; votes by proxy 24Board of directors of stock bank; executive committee 25Election of officers 26Meetings of board of directors 27Savings banks employees retirement association 28By-laws of savings banks employees retirement association 29Exemption of savings banks employees retirement association property and funds from taxation, operation of law relating to insolvency, attachment and execution; assignment of rights 30Savings banks employees benefit association 31By-laws of savings banks employees benefit association 32Exemption of savings banks employees benefit association property from taxation, operation of law relating to insolvency, attachment and execution; assignment of rights