Mass. Gen. Laws ch. 167G § 1

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 167G:1 - Definitions

The following words as used in this chapter, unless the context otherwise requires, shall have the following meanings:

"Bank" or "such bank", a savings bank, cooperative bank, trust company or limited purpose trust company.

"Capital stock", the sum of the par value of the preferred and common shares of capital stock, issued and outstanding.

"Commissioner", the commissioner of banks.

"Officer", any individual designated as such in accordance with the by-laws including, whether or not so designated, the president, vice-president, treasurer, and the clerk or secretary or any individual who performs the duties appropriate to those offices.

Mass. Gen. Laws ch. 167G, § 1

Amended by Acts 2004, c. 461,§ 19, eff. 3/30/2005.