Home/Massachusetts/Statutes/Part I: ADMINISTRATION OF THE GOVERNMENT/Title XXII: CORPORATIONS/Ch. 167: SUPERVISION OF BANKS/§ 15I
Massachusetts Statutes

§ 15I — Purchase of stock of savings or co-operative bank, federal savings and loan association or federal saving bank

Massachusetts § 15I
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title XXIICORPORATIONS
Ch. 167SUPERVISION OF BANKS

This text of Massachusetts § 15I (Purchase of stock of savings or co-operative bank, federal savings and loan association or federal saving bank) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mass. Gen. Laws ch. 167, § 15I (2026).

Text

Section 15I. Subject to applicable banking laws, an entity that may invest pursuant to section 15A or the legal list may purchase the whole or any part of the stock of a savings bank, co-operative bank, federal savings and loan association or federal savings bank; provided, however, that the bank or association shall be well capitalized under bank regulatory criteria.

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Nearby Sections

12
§ 15
Annual list to investment committee of banks meeting local community needs
§ 15A
Annual list of legal investments
§ 15B
Inclusion of certain investments in list of legal investments upon approval by commissioner; application by credit union; refunding bonds
§ 15C
Classes of bonds, notes or other interest-bearing federal, state and international obligations in which entity may invest
§ 15D
Classes of bonds, notes or other interest-bearing municipal obligations in which entity may invest
§ 15E
Investment in bonds, notes or other interest-bearing obligations of railroad corporations
§ 15F
Investment in bonds of company engaged in the business of furnishing telephone service
§ 15G
Investment in bonds, notes or other interest-bearing obligations of gas, electric light or water company or bonds of company supplying electrical energy or artificial gas or natural gas purchased from another company
§ 15H
Investment in common stock of banking corporations and bank holding companies
§ 15I
Purchase of stock of savings or co-operative bank, federal savings and loan association or federal saving bank
§ 15J
Investment in capital stock of insurance company conducting fire and casualty insurance business
§ 15K
Classes of securities in which entity may invest
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Bluebook (online)
Massachusetts § 15I, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/167/15I.