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November 18, 2024 Clouds | 50°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 167 SUPERVISION OF BANKS
  5. Section 15I Purchase of stock of savings or co-operative bank, federal savings and loan association or federal saving bank

Section 15I

Section 15I: Purchase of stock of savings or co-operative bank, federal savings and loan association or federal saving bank

Section 15I. Subject to applicable banking laws, an entity that may invest pursuant to section 15A or the legal list may purchase the whole or any part of the stock of a savings bank, co-operative bank, federal savings and loan association or federal savings bank; provided, however, that the bank or association shall be well capitalized under bank regulatory criteria.