Bill

Bill > H940


MA H940

MA H940
Making technical corrections to the banking statute


summary

Introduced
01/20/2015
In Committee
01/20/2015
Crossed Over
Passed
Dead
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)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...