Can you summarize MGL Chapter 167F?
The provided legal document content covers various aspects related to investments and other powers of banks and corporations in Massachusetts. It outlines the ability of banks to subscribe for stock issued by the Federal Reserve Bank of Boston for membership in the federal reserve system. It also allows banks to invest in, establish, operate, or subscribe for services from other banks, federal banks, foreign banks, out-of-state banks, or out-of-state federal banks for obtaining technology, trust services, financial planning, compliance, internal audits, human resource, or other operational functions.
Can you summarize MGL Chapter 167G?
The provided legal document, governed by the Massachusetts General Law, outlines the powers and activities of the trust department of a bank. The trust department is authorized to hold money or property in trust or on deposit from personal representatives, voluntary personal representatives, assignees, conservators, and trustees. It can also act as a personal representative, voluntary personal representative, receiver, assignee, guardian, conservator, or trustee under a will or instrument creating a trust.
Can you summarize MGL Chapter 167I?
These legal documents cover a wide range of corporate bank transactions, including mergers, consolidations, purchase of assets, and conversions. They provide guidelines and regulations for various entities such as co-operative banks, stock banks, federally-chartered banks, thrift institutions, credit unions, foreign banks, limited purpose trust companies, mutual banks, mutual holding companies, out-of-state banks, savings banks, subsidiary banking institutions, and trust companies. The documents outline the procedures and effects of these transactions, including the requirements for notice, approval, and payment to regulatory funds.
Can you summarize MGL Chapter 167J, Section 10?
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.
Can you summarize MGL Chapter 170?
The provided legal document content covers various aspects of co-operative banks, employees benefit association, employees retirement association, meetings of the board and committees, security committee and audit committee, voting rights, formation and organization of cooperative banks, management of cooperative banks, by-laws of mutual banks, stock banks and mutual banks, treasurer’s duties, and more. These documents apply to co-operative banks, employees of participating organizations, members of the benefit association, trustees of the Co-operative Banks Employees Retirement Association, directors, officers, and shareholders of cooperative banks, security committee and audit committee members, members of the board of directors, incorporators, stockholders, and shareholders of cooperative banks.
Can you summarize MGL Chapter 171?
The provided legal document content covers various aspects of credit unions, including their formation, operation, investments, loans, accounts, and membership. It outlines the requirements and procedures for credit unions to establish and operate retirement associations, provide retirement benefits, and convert to federal charters. The documents also address the process of liquidating credit unions, obtaining consent for incorporation of foreign credit unions, and converting credit unions into other types of financial institutions.
Can you summarize MGL Chapter 19A, Section 14?
This section provides definitions for terms used in Sections 14 to 26 of the Massachusetts General Law related to the Department of Elder Affairs. The definitions include terms such as ‘abuse’, ‘caretaker’, ‘conservator’, ‘court’, ‘department’, ’elderly person’, ’emergency’, ‘financial exploitation’, ‘guardian’, ‘protected person’, ‘protective services’, and ‘protective services agency’. The section clarifies that abuse can result in physical or emotional injury, financial exploitation, or the inability to provide for one’s necessities.
Can you summarize MGL Chapter 200A?
The legal document content reviewed covers various aspects of the disposition of unclaimed property in Massachusetts. It includes provisions for the payment or delivery of property to the treasurer, the termination of legal relationships between holders and owners, and the protection of holders who act in good faith. The legal document content also governs the powers and duties of the treasurer, including the examination of books and records, reporting violations, penalties, costs, interest, limitation period for examinations, appeal of audit findings, and written petition for review.
Can you summarize MGL Chapter 214, Section 1B?
Section 1B. A person shall have a right against unreasonable, substantial or serious interference with his privacy. The superior court shall have jurisdiction in equity to enforce such right and in connection therewith to award damages.
Can you summarize MGL Chapter 214, Section 3A?
This section of the Massachusetts General Law governs the unauthorized use of a person’s name, portrait, or picture for advertising purposes or trade within the commonwealth. It allows the affected person to bring a civil action in the superior court against the person using their name, portrait, or picture without written consent. The purpose of the action is to prevent and restrain such use and to recover damages for any injuries sustained.