Bill > H1140

This bill makes changes to certain references in the banking laws of the Commonwealth. The key provisions include: - Updating references to specific sections and chapters of the banking laws, such as replacing references to certain sections of chapters 168, 170, and 172 with references to chapter 167J. - Replacing references to "banks and banking" with "financial services" in certain sections of chapter 167. - Clarifying language around the corporate governance procedures that certain banking institutions may elect to follow. - Allowing one or more mutual banks, one or more thrift institutions, and a subsidiary banking institution to merge or consolidate into a single subsidiary banking institution. - Making various other technical and clarifying changes to the language in the banking laws. Overall, the bill aims to update and streamline certain references and provisions in the Commonwealth's banking laws.

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https://malegislature.gov/Bills/192/H1140