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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE XXII CORPORATIONS
  • CHAPTER 172 TRUST COMPANIES
  • Section 2 Application of this chapter and chapters 167C to 167G, inclusive

Section 2. (a) Except as herein otherwise specifically provided, this chapter shall apply to all trust companies.

(b) A trust company doing business under a charter issued prior to May twenty-eighth, eighteen hundred and eighty-eight, shall not be subject to any provision of this chapter which is inconsistent with its charter or any provision of its by-laws adopted pursuant to its charter. Such trust company may adopt as part of its charter this chapter and chapters one hundred and sixty-seven C to one hundred and sixty-seven G, inclusive, or any provision thereof, by vote of a majority of its stockholders at its annual meeting or at a meeting called for the purpose and by filing within ten days from the date of such meeting, with the state secretary and with the commissioner, a certificate of such adoption sworn to by the clerk of such trust company.