§ 1 Definitions
§ 2 Board of bank incorporation; acts requiring approval by board
§ 3 Acts not requiring approval by board; applicability of Secs. 2 and 4
§ 3A Bank holding company subsidiaries acting as agents
§ 4 Petition to board for authority to act under Sec. 2; hearing; review; loans to Housing Partnership Fund; executive officers; asset base
§ 5 Registration of certain companies with commissioner; reports; examinations; rules and regulations
§ 6 Fines and penalties for violations
§ 7 Supreme judicial court; jurisdiction to enforce chapter
§ 8 Confidentiality of information in any application filed with the board of bank incorporation
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Terms Used In Massachusetts General Laws > Chapter 167A - Bank Holding Companies

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Oath: A promise to tell the truth.
  • Other entity: includes a domestic or foreign nonprofit corporation. See Massachusetts General Laws ch. 156D sec. 11.01
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Trustee: A person or institution holding and administering property in trust.