Bill
Bill > H1035
MA H1035
Making changes to certain references in the banking laws of the Commonwealth
summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to make changes to certain references in banking laws. Financial Services.
AI Summary
This bill makes various changes to references in the banking laws of the Commonwealth of Massachusetts. Key provisions include:
1. Updating references to specific sections of chapters 168, 170, and 172 to refer instead to the corresponding sections of chapter 167J.
2. Replacing references to "banks and banking" with "financial services" in certain sections of chapter 167.
3. Removing outdated references to certain corporate governance procedures for savings banks and cooperative banks.
4. Clarifying the voting requirements for certain transactions involving mutual banks, thrift institutions, and subsidiary banking institutions under chapter 167I.
5. Updating references to "trust company" and "federal" in certain sections related to banking activities.
6. Making other technical and conforming changes to ensure consistency in the banking laws.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H5160 (on 12/01/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H1035 |
| Bill | https://malegislature.gov/Bills/191/H1035.pdf |
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