Massachusetts Statutes
§ 13 — Maintenance of capital and surplus or surplus account deemed adequately capitalized
Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XXII CORPORATIONS·Ch. 167J CORPORATE GOVERNANCE PROVISIONS AND REQUIREMENTS
Section 13. A bank shall maintain capital and surplus if a stock corporation or a surplus account if a mutual institution necessary to be deemed, at a minimum, adequately capitalized as determined by the federal deposit insurance agency which insures the deposits of the bank or, if applicable, by the commissioner.
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