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Mass. General Laws c.167I

Corporate bank transactions: mergers, consolidations, purchase of assets and conversions

This page links to the current version of each section of G.L. c.167I.

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§ 1 Definitions 
§ 2 Merger or consolidation of mutual banks or thrift institutions into single mutual bank or thrift institution 
§ 3 Merger or consolidation of stock banks, federally-chartered banks, out-of-state banks and limited purpose trust companies into single stock bank, federally-chartered bank or out-of-state bank 
§ 4 Merger or consolidation of mutual banks or subsidiary banking institutions and credit unions or federal credit unions into single mutual bank or subsidiary banking institution 

Amended by St.2020, c.338, § 6, effective April 12, 2021

§ 5 Expedited consolidation or sale of assets of bank certified as unsafe to transact business 

Amended by St.2020, c.21, § 1, February 14, 2020

§ 6 Age and concentration limitations for approval of application for merger or consolidation 
§ 7 Articles of consolidation or merger 
§ 8 Advance, loan upon or purchase of whole or part of assets or stock of any bank, etc., in possession of commissioner pursuant to Secs. 22 to 36 of chapter 167 or assisted by or in possession of insurer 
§ 9 Conversion of mutual bank to stock bank 
§ 10 Conversion of credit union to mutual bank 
§ 11 Consolidation, merger or conversion of mutual bank or stock bank into federally-chartered bank or thrift institution 
§ 12 Conversion of federally-charted bank or thrift institution into bank chartered pursuant to chapter 168, 170 or 172 
§ 13 Plan of acquisition of stock by company acquiring all the capital stock of any stock bank 
§ 14 Notice of proposed acquisition of control of stock bank; disapproval of proposed acquisition 
§ 15 Dissolution and liquidation of bank 
§ 16 Termination of membership of savings bank in Depositors Insurance Fund upon merger or consolidation into bank, federally chartered bank or out-of-state bank or upon acceptance of federal charter; effect of acceptance of federal charter 
§ 17 Notice to Co-operative Central Bank upon proposal to merge or consolidate co-operative bank into a bank or upon conversion to federal charter; effect of acceptance of federal charter; effect of conversion of federal bank or federal thrift into... 

Amended by St.2020, c.21, § 2, February 14, 2020

§ 18 Interim banks 

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