Mass. Gen. Laws ch. 170 – Co–Operative Banks | Midpage

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Massachusetts General Laws

Chapter 170

Mass. Gen. Laws ch. 170

Co–Operative Banks

1Definitions 2Powers 3Change of corporate name 4Capital structure upon incorporation 5Formation of co-operative bank; powers, privileges and duties related to corporations; agreement of association 6Notice of intention to form co-operative 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 banks 11By-laws of mutual bank; notice of regular and special meetings of shareholders; meetings of board of directors 12Members; voting rights 13Board of directors; clerk; directors and officers; records of meetings 14Security committee; audit committee 15Treasurer and assistant treasurer; duties 16Adoption of by-laws; regulations controlling assignment and transfer of shares; quorum 17Stockholder voting; votes by proxy 18Board of directors of co-operative bank; executive committee 19Election of officers 20Action without meeting 21Cooperative banks employees retirement association 22By-laws of cooperative banks employees retirement association 23Exemption of cooperative banks employees retirement association property and funds from taxation, operation of law relating to insolvency, attachment and execution; assignment of rights 24Co-operative banks employees benefit association 25By-laws of co-operative banks employees benefit association 26Exemption of co-operative banks employees benefit association property from taxation, operation of law relating to insolvency, attachment and execution; assignment of rights