Massachusetts § 1 Definitions

Massachusetts Statutes

§ 1 — Definitions

Massachusetts § 1

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 167JCORPORATE GOVERNANCE PROVISIONS AND REQUIREMENTS

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Bluebook

Mass. Gen. Laws ch. 167J, § 1 (2026).

Text

Section 1. As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:—''Bank'', an association or corporation chartered by the commonwealth under chapter 167H, 168, 170 or 172.''Board'', the board of trustees or directors in a bank.''Capital stock'', the sum of the par value of the preferred and common shares of capital stock of a stock corporation, issued and outstanding.''Commissioner'', the commissioner of banks.''Mutual bank'', an association or corporation chartered by the commonwealth under chapter 168 or 170 which is in mutual form.''Stock corporation'', a savings bank under chapter 168, a co-operative bank under chapter 170, which has been chartered, converted or reorganized to a stockholder form of corporation or

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Section 1. As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:—''Bank'', an association or corporation chartered by the commonwealth under chapter 167H, 168, 170 or 172.''Board'', the board of trustees or directors in a bank.''Capital stock'', the sum of the par value of the preferred and common shares of capital stock of a stock corporation, issued and outstanding.''Commissioner'', the commissioner of banks.''Mutual bank'', an association or corporation chartered by the commonwealth under chapter 168 or 170 which is in mutual form.''Stock corporation'', a savings bank under chapter 168, a co-operative bank under chapter 170, which has been chartered, converted or reorganized to a stockholder form of corporation or a trust company under chapter 172.''Surplus account'', an account so designated on the books of a bank and consisting of amounts required by law.