General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XXII. CORPORATIONS |
CHAPTER 167J. CORPORATE GOVERNANCE PROVISIONS AND REQUIREMENTS |
SECTION 1. Definitions |
SECTION 2. Bond of officers and employees of bank |
SECTION 3. Duties of treasurer of bank under other provisions of law |
SECTION 4. Misconduct of officer, director, agent or employee of bank |
SECTION 5. Fee, commission, gift or other consideration in connection with business of corporation |
SECTION 6. Penalty for violations of Secs. 5 or 10 |
SECTION 7. Payment of interest on deposit accounts |
SECTION 8. Trustee, director or other officer of bank simultaneously serving in same capacity for certain other institutions |
SECTION 9. Annual statement of condition of bank |
SECTION 10. Loans or extensions of credit to officer, director or trustee of bank |
SECTION 11. Quarterly written reporting of summary of transactions and other information requested by board |
SECTION 12. Audit of balance sheet and other financial statements of mutual bank |
SECTION 13. Maintenance of capital and surplus or surplus account deemed adequately capitalized |
SECTION 14. Capital stock of stock corporation |
SECTION 15. Report of transfer of stock resulting in ownership of 10 per cent or more of outstanding stock with voting power |
SECTION 16. Determination of record date of right to notice of and to vote at stockholder's meeting |
SECTION 17. Declaration of dividends |
SECTION 18. Grant of options to purchase, issue and sell shares of capital stock to directors, officers and employees |
SECTION 19. Stock purchase plans, restricted stock purchase plans and stock grant plans for employees, officers and directors |
SECTION 20. Issue and sale of capital notes and debentures |
SECTION 21. Election of alternative corporate governance procedures; designation in by-laws of body of law selected for corporate governance procedure |