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 1. Section 3 of chapter 482 of the acts of 1984 is hereby amended by striking out the last paragraph, as amended by chapter 285 of the acts of 1991, and inserting in place thereof the following paragraph:-

For the purpose of this section, the term "co-operative bank" shall include a savings bank incorporated in the commonwealth and subject to the provisions of chapter one hundred and sixty-eight of the General Laws, a trust company incorporated in the commonwealth and subject to the provisions of chapter one hundred and seventy-two of the General Laws, a credit union incorporated in the commonwealth and subject to the provisions of chapter one hundred and seventy-one of the General Laws, the company, as defined in section one of chapter one hundred and seventy-eight A of the General Laws and subject to the provisions of said chapter one hundred and seventy-eight A, and any national bank, national banking association and federally chartered credit union, savings bank, or savings and loan association with its principal place of business in the commonwealth, or any parent, subsidiary or other affiliated companies of the foregoing entities or of any co-operative bank.

SECTION 2. Section 9 of said chapter 482 is hereby amended by striking out the second sentence and inserting in place thereof the following sentence:- Such reports shall also show all the securities held in the portfolio as of the reporting date.