CHAPTER 167. SUPERVISION OF BANKS  


SECTION 1. Definitions
SECTION 1A. Rules and regulations
SECTION 1B. Repealed, 2014, 482, Sec. 13
SECTION 2. Examination of banks
SECTION 2A. Definitions applicable to Secs. 2A to 2G; unfair practices involving consumer transactions; rules and regulations
SECTION 2B. Investigation of unfair practices
SECTION 2C. Proceedings regarding unfair practices; notice; hearing
SECTION 2D. Unfair practices; findings; cease and desist orders; penalty; modification of order
SECTION 2E. Review of cease and desist orders; civil liability
SECTION 2F. Violations of cease and desist orders; penalties
SECTION 2G. Penalties for unfair practices; enforcement
SECTION 2H. Notice to commissioner of activity or investment of savings bank, co-operative bank or trust company; waiver or extension of notice period
SECTION 2I. Compliance with federal laws and regulations
SECTION 2J. Confidentiality of information provided in applications filed with commissioner
SECTION 3. Meetings of board of directors or board of trustees of bank; reports on bank examinations; records; certificates
SECTION 4. Summoning and examination of bank officers
SECTION 5. Request for bank examination
SECTION 6. Manner and form of books and accounts; manner of safeguard and deposit of money and securities
SECTION 6A. Copies of agreements concerning Federal Reserve regulations and operating letters, clearing house rules, etc.; rules and regulations
SECTION 7. Statements and reports required by commissioner or by law
SECTION 8. Failure to make or amend return, statement or report
SECTION 9. Destruction or disposal of records, etc.; payment of proceeds
SECTION 10. Reports of fraud, embezzlement or misconduct by bank officers or employees
SECTION 11. Shortages in funds; reports; fine
SECTION 12. Misconduct by bank officers; suspension; removal
SECTION 12A. Criminal charges against bank officers; suspension or removal from office
SECTION 13. Annual reports
SECTION 14. Credit needs of local communities; assessment of banks; regulations; application for establishment of domestic branch; examination; alternative community reinvestment examination procedure
SECTION 14A. Mortgage review boards; members; terms; appointment; meetings; rules and regulations
SECTION 14B. Repealed, 1996, 359, Sec. 4
SECTION 14C. Small business loan review boards; members; terms; appointment; meetings; rules and regulations
SECTION 15. Annual list to investment committee of banks meeting local community needs
SECTION 15A. Annual list of legal investments
SECTION 15B. Inclusion of certain investments in list of legal investments upon approval by commissioner; application by credit union; refunding bonds
SECTION 15C. Classes of bonds, notes or other interest-bearing federal, state and international obligations in which entity may invest
SECTION 15D. Classes of bonds, notes or other interest-bearing municipal obligations in which entity may invest
SECTION 15E. Investment in bonds, notes or other interest-bearing obligations of railroad corporations
SECTION 15F. Investment in bonds of company engaged in the business of furnishing telephone service
SECTION 15G. Investment in bonds, notes or other interest-bearing obligations of gas, electric light or water company or bonds of company supplying electrical energy or artificial gas or natural gas purchased from another company
SECTION 15H. Investment in common stock of banking corporations and bank holding companies
SECTION 15I. Purchase of stock of savings or co-operative bank, federal savings and loan association or federal saving bank
SECTION 15J. Investment in capital stock of insurance company conducting fire and casualty insurance business
SECTION 15K. Classes of securities in which entity may invest
SECTION 16. Repealed, 1987, 296, Sec. 1
SECTION 17. Repealed, 1996, 359, Sec. 5
SECTION 18. Appraisal of real estate in case of excessive loan
SECTION 19. Losses of bank exceeding surplus and other reserve accounts
SECTION 20. Verification of savings accounts
SECTION 21. Closing of banks
SECTION 21A. Assent to and participation in bank reorganization by government officers
SECTION 22. Taking possession of property and business of bank by commissioner
SECTION 23. Notice of taking possession of bank by commissioner
SECTION 24. Collection of moneys due and liquidation of affairs of banks in possession of commissioner
SECTION 25. Prosecution and defense of suits and other legal proceedings; sales of property
SECTION 26. Appointment of agents to assist in liquidation and distribution; federal agencies as liquidating agent; subrogation rights
SECTION 26A. Assistance of federal agency as liquidating agent; notice requirements
SECTION 26B. National Credit Union Administration Board as liquidating agent of credit unions; subrogation rights
SECTION 27. Inventory of bank assets
SECTION 28. Notice to claimants; claims presented
SECTION 29. List of claims presented
SECTION 30. Fees and expenses
SECTION 31. Dividends; objections to claims
SECTION 31A. Dividend payments to minors; disposition of accounts of decedents
SECTION 32. Property deposited with bank; disposition
SECTION 33. Bank aggrieved by action of commissioner; application for injunction
SECTION 34. Stockholders' meeting
SECTION 35. Unclaimed dividends and funds
SECTION 35A. Destruction of books, records, etc. concerning bank and liquidation thereof
SECTION 35B. Reports on banks in possession of commissioner
SECTION 36. Equity jurisdiction of supreme judicial court
SECTION 36A. Appointment of conservator; powers and duties; compensation; termination; equity jurisdiction of supreme court
SECTION 37. Unauthorized banking
SECTION 37A. Examination of accounts, books and papers to determine violation of Sec. 37
SECTION 37B. Student bank programs
SECTION 38. Repealed, 2014, 482, Sec. 20
SECTION 38A. Repealed, 1982, 626, Sec. 2
SECTION 39. Repealed, 2014, 482, Sec. 20
SECTION 39A. Repealed, 1982, 626, Sec. 2
SECTION 39B,39C. Repealed, 2014, 482, Sec. 20
SECTION 40. Examination of foreign or out-of-state banks; charges; availability of reports and information; cooperation with other jurisdictions
SECTION 40A. Registration with commissioner; reports
SECTION 41. Access to vaults, books and papers; summoning witnesses; administering oaths
SECTION 42. Insolvent foreign or out-of-state banks; injunction
SECTION 43,43A. Repealed, 2014, 482, Sec. 22
SECTION 44 to 45A. Repealed, 1982, 626, Secs. 1, 2
SECTION 46. Honoring and cashing of pensioners' and retirees' checks
SECTION 47. Repealed, 2010, 234, Sec. 1
SECTION 48. Financing of premises containing lead in paint, plaster or materials
SECTION 49. Definitions applicable to Secs. 49 to 51
SECTION 50. Compliance review supervisor
SECTION 51. Compliance review documents; confidentiality