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General Laws

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Section 1Definitions
Section 1ARules and regulations
Section 1BCorporations conducting business of banking company
Section 2Examination of banks
Section 2ADefinitions applicable to Secs. 2A to 2G; unfair practices involving consumer transactions; rules and regulations
Section 2BInvestigation of unfair practices
Section 2CProceedings regarding unfair practices; notice; hearing
Section 2DUnfair practices; findings; cease and desist orders; penalty; modification of order
Section 2EReview of cease and desist orders; civil liability
Section 2FViolations of cease and desist orders; penalties
Section 2GPenalties for unfair practices; enforcement
Section 3Meetings of board of directors or board of trustees of bank; reports on bank examinations; records; certificates
Section 4Summoning and examination of bank officers
Section 5Request for bank examination
Section 6Manner and form of books and accounts; safeguards; deposits
Section 6ACopies of agreements concerning Federal Reserve regulations and operating letters, clearing house rules, etc.; rules and regulations
Section 7Statements and reports required by commissioner or by law
Section 8Failure to make or amend return, statement or report
Section 9Destruction or disposal of records, etc.; payment of proceeds
Section 10Reports of fraud, embezzlement or misconduct by bank officers or employees
Section 11Shortages in funds; reports; fine
Section 12Misconduct by bank officers; suspension; removal
Section 12ACriminal charges against bank officers; suspension or removal from office
Section 13Annual reports
Section 14Credit needs of local communities; assessment of banks; regulations; application for establishment of domestic branch; examination; alternative community reinvestment examination procedure
Section 14AMortgage review boards; members; terms; appointment; meetings; rules and regulations
Section 14BRepealed, 1996, 359, Sec. 4
Section 14CSmall business loan review boards; members; terms; appointment; meetings; rules and regulations
Section 15Annual list to investment committee of banks meeting local community needs
Section 15AAnnual list of legal investments
Section 15BInclusion in list of investments of securities not otherwise eligible
Section 16Repealed, 1987, 296, Sec. 1
Section 17Repealed, 1996, 359, Sec. 5
Section 18Appraisal of real estate in case of excessive loan
Section 19Losses of bank exceeding surplus and other reserve accounts
Section 20Verification of savings accounts
Section 21Closing of banks
Section 21AAssent to and participation in bank reorganization by government officers
Section 22Taking possession of property and business of bank by commissioner
Section 23Notice of taking possession of bank by commissioner
Section 24Collection of moneys due and liquidation of affairs of banks in possession of commissioner
Section 25Prosecution and defense of suits and other legal proceedings; sales of property
Section 26Appointment of agents to assist in liquidation and distribution; federal agencies as liquidating agent; subrogation rights
Section 26AAssistance of federal agency as liquidating agent; notice requirements
Section 26BNational Credit Union Administration Board as liquidating agent of credit unions; subrogation rights
Section 27Inventory of bank assets
Section 28Notice to claimants; claims presented
Section 29List of claims presented
Section 30Fees and expenses
Section 31Dividends; objections to claims
Section 31ADividend payments to minors; disposition of accounts of decedents
Section 32Property deposited with bank; disposition
Section 33Bank aggrieved by action of commissioner; application for injunction
Section 34Stockholders’ meeting
Section 35Unclaimed dividends and funds
Section 35ADestruction of books, records, etc. concerning bank and liquidation thereof
Section 35BReports on banks in possession of commissioner
Section 36Equity jurisdiction of supreme judicial court
Section 36AAppointment of conservator; powers and duties; compensation; termination; equity jurisdiction of supreme court
Section 37Unauthorized banking
Section 37AExamination of accounts, books and papers to determine violation of Sec. 37
Section 37BStudent bank programs
Section 38Foreign banks; certificate to transact business; housing partnership fund loans
Section 38ARepealed, 1982, 626, Sec. 2
Section 39Branch offices of foreign banks; merger, consolidation, or purchase of assets or stock of state banks
Section 39ARepealed, 1982, 626, Sec. 2
Section 39BOut-of-state banks; merger or consolidation with Massachusetts bank; applicable laws
Section 39CBranch de novo; purchase of branch without purchasing bank; applicable laws
Section 40Examination of foreign or out-of-state banks; charges; availability of reports and information; cooperation with other jurisdictions
Section 40ARegistration with commissioner; reports
Section 41Access to vaults, books and papers; summoning witnesses; administering oaths
Section 42Insolvent foreign or out-of-state banks; injunction
Section 43Fiduciary capacity; authorization
Section 43ACertificate authorizing out-of-state bank to act as fiduciary; applicable law
Section 44 to 45ARepealed, 1982, 626, Secs. 1, 2
Section 46Honoring and cashing of pensioners’ and retirees’ checks
Section 47Repealed, 2010, 234, Sec. 1
Section 48Financing of premises containing lead in paint, plaster or materials
Section 49Definitions
Section 50Compliance review supervisor
Section 51Compliance review documents; confidentiality