summary
Introduced
05/20/2021
05/20/2021
In Committee
05/27/2021
05/27/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the Massachusetts Credit Union Share Insurance Corporation. Financial Services.
AI Summary
This bill amends the laws governing the Massachusetts Credit Union Share Insurance Corporation (MCUSIC). The key provisions are: (1) Allowing MCUSIC to borrow money and pledge its assets as security from its member credit unions and others; and (2) Designating MCUSIC as an "organization member" of its member credit unions, which allows the member credit unions to lend money to MCUSIC. These changes provide MCUSIC with more flexibility in financing its operations and insuring credit union shares.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H4976 (on 09/01/2022)
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/192/H3817 |
| Bill | https://malegislature.gov/Bills/192/H3817.pdf |
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