summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation to make technical corrections to the banking laws. Financial Services.
AI Summary
This bill makes technical corrections to Massachusetts banking laws by replacing references to the "state secretary" with "commissioner," which refers to the Commissioner of Banks, in various sections of Chapters 140D, 167I, 168, 170, and 172 of the General Laws. These changes aim to streamline processes related to the organization, conversion, and dissolution of cooperative banks and other financial institutions, ensuring that the Commissioner of Banks, rather than the state secretary, is the primary official responsible for these filings and approvals, thereby centralizing regulatory oversight within the banking division.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Accompanied a study order, see H4111 (on 03/28/2016)
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/189/House/H940 |
| State Bill Page | https://malegislature.gov/Bills/189/H940 |
| Bill | https://malegislature.gov/Bills/189/H940.pdf |
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