Massachusetts § 7 Branch de novo in foreign state or country

Massachusetts Statutes

§ 7 — Branch de novo in foreign state or country

Massachusetts § 7

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 167CBANK LOCATIONS

This text of Massachusetts § 7 (Branch de novo in foreign state or country) 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. 167C, § 7 (2026).

Text

Section 7. A bank, with the approval of and under conditions imposed by the commissioner, may establish a branch de novo in a state of the United States other than the commonwealth or in a foreign country in accordance with the laws of the state or foreign country, and may exercise the powers at the branch de novo as are permitted to banks existing by the authority of the jurisdiction in which the branch is located, unless the commissioner determines that the exercise of the powers is unsafe or unsound.

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Section 7. A bank, with the approval of and under conditions imposed by the commissioner, may establish a branch de novo in a state of the United States other than the commonwealth or in a foreign country in accordance with the laws of the state or foreign country, and may exercise the powers at the branch de novo as are permitted to banks existing by the authority of the jurisdiction in which the branch is located, unless the commissioner determines that the exercise of the powers is unsafe or unsound.

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Massachusetts § 7, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/167C/7.