Massachusetts Statutes
§ 10 — Loans or extensions of credit to officer, director or trustee of bank
Massachusetts § 10
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title XXIICORPORATIONS
Ch. 167JCORPORATE GOVERNANCE PROVISIONS AND REQUIREMENTS
This text of Massachusetts § 10 (Loans or extensions of credit to officer, director or trustee of 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. 167J, § 10 (2026).
Text
Section 10. An officer, director or trustee of a bank, except as provided in this section, shall not borrow from or otherwise become indebted to the bank of which the individual is an officer, director or trustee and a bank, except as provided in this section, shall not make a loan or extend credit in any other manner to any of its officers, directors or trustees. An officer, director or trustee of a bank may borrow and a bank may make a loan or extend credit to its officers, directors or trustees subject to the terms and conditions set forth in clause (6) of section 2I of chapter 167.
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Bluebook (online)
Massachusetts § 10, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/167J/10.