GENERAL LAWS OF MASSACHUSETTS

CHAPTER 172. TRUST COMPANIES.

Chapter 172, Section 1. Definitions.

Chapter 172, Section 1A. Trust companies; powers.

Chapter 172, Section 2. Application of this chapter and chapters 167C—167G, inclusive.

Chapter 172, Section 3. Use of words "trust company".

Chapter 172, Section 4. Capital structure upon incorporation.

Chapter 172, Section 5. Agreement of association.

Chapter 172, Section 6. Notice and application to board of bank incorporators; certificate; hearing.

Chapter 172, Section 7. First meeting of incorporators.

Chapter 172, Section 8. Articles of organization; certificate of incorporation.

Chapter 172, Section 9. List of stockholders; certificate authorizing corporation to begin transacting business.

Chapter 172: Section 9A. Limited purpose trust company; notice and application; out-of-state offices

Chapter 172, Section 10. Repealed, 1987, 239, Sec. 10.

Chapter 172, Section 11. By-laws.

Chapter 172, Section 12. Stockholder voting.

Chapter 172, Section 13. Board of directors; executive committee.

Chapter 172, Section 14. Election of officers.

Chapter 172, Section 15. Officers and employees; bond.

Chapter 172, Section 16. Meetings of board of directors; report on transactions.

Chapter 172, Section 17. Duties of treasurer under other provisions of law.

Chapter 172, Section 18. Loans or extension of credit to officers or directors; annual report.

Chapter 172, Section 19. Persons eligible to serve as director, officer or employee; director or officer serving in same capacity for other financial institutions.

Chapter 172, Section 20. Fee, brokerage, commission, gift or other consideration for or on account of loan.

Chapter 172, Section 21. Misconduct of officer, director, agent or employee.

Chapter 172, Section 22. Annual report; posting balance sheet.

Chapter 172, Section 22A. Return in form of trial balance to commissioner.

Chapter 172, Section 23. Violation of sec. 18 or 20.

Chapter 172, Section 24. Capital stock.

Chapter 172, Section 25. Options to purchase, issue and sell shares of capital stock to employees.

Chapter 172, Section 25A. Stock purchase plans, restricted stock purchase plans and stock grant plans for employees and directors.

Chapter 172, Section 26. Records and reports of transfers of stock.

Chapter 172, Section 26A. Notice of proposed acquisition; disapproval.

Chapter 172, Section 26B. Acquisition of all capital stock; submission of plan and certificate of approval to commissioner; stockholder objections.

Chapter 172, Section 27. Determination of record date of right to notice of and to vote at stockholders' meeting.

Chapter 172, Section 28. Payment of dividends.

Chapter 172, Section 29. Repealed, 1987, 239, Sec. 13.

Chapter 172, Section 30. Issue and sale of capital notes or debentures.

Chapter 172, Section 31. Reserve.

Chapter 172, Section 32. Reserve balances for federal reserve system members.

Chapter 172, Section 33. Insufficient reserves.

Chapter 172, Section 34. Transfers to surplus reserve.

Chapter 172, Section 35. Interest on savings deposits.

Chapter 172, Section 36. Consolidation or merger; purchase, sale or exchange of assets; conversion.

Chapter 172, Section 37. Real estate holdings of trust company successor to national bank.

Chapter 172, Section 38. Advance, loan upon or purchase of bank assets or stock.

Chapter 172, Section 38A. Restrictions on approval of merger or consolidation applications.

Chapter 172, Section 39. Dissolution and liquidation.

Chapter 172: Section 40 to 47. Repealed, 1998, 474, Sec. 8

Return to:

** Next Chapter TOC ** Previous Chapter TOC ** Legislative Home Page