Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 2 of chapter 167F of the General Laws is hereby amended by striking out paragraph 6, as appearing in the 1984 Official Edition, and inserting in place thereof the following paragraph:-

6. To invest such amount not exceeding ten per cent of its capital stock, surplus account, and undivided profits for a stock corporation or not exceeding ten per cent of its surplus account for a thrift institution as the commissioner may approve in the capital stock of one or more corporations organized under the laws of the United States for the purpose of engaging in international or foreign banking or other international or foreign financial operations, or in banking or other financial operations in a dependency or insular possession of the United States, and subject to the jurisdiction and supervision of the Board of Governors of the Federal Reserve System.