Massachusetts Statutes
§ 114 — Companies, associations and societies; necessity of license
Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XX PUBLIC SAFETY AND GOOD ORDER·Ch. 140 LICENSES
Section 114. Loan companies and loan associations established by special charter, and fraternal mutual benefit societies the membership of which is limited to the employees of any one person and which make loans to its members only, shall be subject to the supervision of the commissioner, but need not procure a license.
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