Mass. Gen. Laws ch. 167 § 15I

Current through Chapter 223 of the 2024 Legislative Session

Section 167:15I - Purchase of stock of savings or cooperative bank, federal savings and loan association or federal saving bank

Subject to applicable banking laws, an entity that may invest pursuant to section 15A or the legal list may purchase the whole or any part of the stock of a savings bank, co-operative bank, federal savings and loan association or federal savings bank; provided, however, that the bank or association shall be well capitalized under bank regulatory criteria.

Mass. Gen. Laws ch. 167, § 15I

Added by Acts 2014, c. 343,§ 3, eff. 1/7/2015.