Skip to Content
July 17, 2024 Clouds | 87°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 10: Investment, etc. in services from another bank for purposes of obtaining or furnishing technology, trust services, operation functions, staff, etc.

Section 10. A bank may or in participation with a federal bank, a foreign bank, an out-of-state bank or an out-of-state federal bank, as defined in section 1 of chapter 167 invest in, establish, operate or subscribe for services from another bank, federal bank, foreign bank, out-of-state bank or out-of-state federal bank or a subsidiary thereof or any other business entity for the purpose of obtaining for or furnishing to the bank technology, trust services, financial planning, compliance, internal audits, human resource or other operation functions, management or staff generally required by a bank.