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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE XXII CORPORATIONS
  • CHAPTER 168 SAVINGS BANKS

Section 1 - Definitions

Section 2 - Powers

Section 3 - Application of this chapter and chapters 167C to 167G

Section 4 - Agreement to form savings bank; subscribers

Section 5 - Notice and application to board of bank incorporation; certificate; hearing; special guaranty fund

Section 6 - First meeting of subscribers

Section 7 - Articles; certificate of incorporation

Section 8 - Meetings of corporators, board of trustees, and board of investment; location

Section 9 - Corporators

Section 9A - Annual and special meetings

Section 10 - Board of trustees

Section 11 - Meetings of board of trustees

Section 12 - Board of investment; membership; reports; meetings

Section 13 - Officers

Section 14 - Election of officers and trustees

Section 15 - Notice to persons elected; list of names of officers and trustees

Section 16 - Auditing committee; other committees

Section 17 - By-laws

Section 18 - Bond of officers and employees

Section 19 - Loans or extensions of credit to officers or trustees; ownership of real property by officers or trustees when mortgage held by corporation

Section 20 - Annual report to commissioner of loan or extension of credit to officers, directors, trustees or principal shareholders

Section 21 - Duties of treasurer under other provisions of law

Section 22 - Misconduct of officer, director, trustee or employee

Section 23 - Fee, commission, gift or other consideration for or in connection with business of corporation

Section 23A - Violations; penalty

Section 24 - Wrongful payment or authorization of payment of interest

Section 25 - Examination and audit

Section 26 - Report to commissioner; balance sheet

Section 27 - Surplus accounts

Section 27A - Reserve balances

Section 28 - Report to trustees by auditing committee

Section 29 - Payment of interest

Section 30 to 32 - Repealed, 1983, 590, Sec. 11

Section 33 - Liquidation and dissolution

Section 34 - Merger or consolidation of savings banks

Section 34A - Merger or consolidation of savings bank and co-operative bank

Section 34B - Merger or consolidation of savings bank and thrift institution

Section 34C - Conversion of savings bank to stockholder owned form of corporation

Section 34D - Consolidation or merger of converted stock corporations into single state or federally-chartered stock corporations

Section 34E - Conversion of savings bank to stockholder owned form of corporation

Section 34F - Merger or consolidation of credit unions and corporations into single savings bank

Section 34G - Conversion of credit union into savings bank in mutual form

Section 35 - Advance, loan upon or purchase of bank assets or stock

Section 35A - Limitations on approval of merger or consolidation

Section 36 - Surrender of charter to accept federal savings bank charter; excess insurance

Section 37 - Conversion of savings bank to federal savings and loan association

Section 38 - Conversion of federal savings and loan association or federal savings bank to savings bank

Section 39 - Savings banks employees retirement association

Section 40 - By-laws of association

Section 41 - Association property, etc.; tax exemption, attachment, execution or assignment

Section 42 - Savings Banks Employees Benefit Association

Section 43 - By-laws of benefit association; filing; report to commissioner

Section 44 - Exemption of property of benefit association