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May 13, 2024 Clouds | 48°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XX PUBLIC SAFETY AND GOOD ORDER
  4. Chapter 140 LICENSES
  5. Section 114 Companies, associations and societies; necessity of license

Section 114

Section 114: Companies, associations and societies; necessity of license

Section 114. Loan companies and loan associations established by special charter, and fraternal mutual benefit societies the membership of which is limited to the employees of any one person and which make loans to its members only, shall be subject to the supervision of the commissioner, but need not procure a license.