SECTION 1. Section 1 of chapter 167H as appearing in the 2006 Official Edition is hereby amended by inserting after the definition of Commissioner the following definition:
“Interim Bank” means a Massachusetts or federally-chartered banking institution organized solely to participate in and facilitate an acquisition, reorganization or other corporate transaction.
SECTION 2. Section 7 of chapter 167H as so appearing, is hereby amended by striking out paragraph (2) and inserting in place the following new paragraph:
(2) Acquire a mutual banking institution through consolidation or merger of such institution with the subsidiary banking institution on interim bank subsidiary of such holding company.
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