Massachusetts Statutes

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

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XXII CORPORATIONS·Ch. 167 SUPERVISION OF BANKS

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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Massachusetts § 15I (Purchase of stock of savings or co-operative bank, federal savings and loan association or federal saving bank) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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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