Massachusetts General Laws ch. 167D sec. 1 – Definitions
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Section 1. As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:—
Terms Used In Massachusetts General Laws ch. 167D sec. 1
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
”Bank”, a savings bank, co-operative bank or trust company incorporated as such in the commonwealth.
”Board”, the board of trustees or directors of a bank.
”Commissioner”, the commissioner of banks.
”Federally-chartered bank”, a national bank association, a federal savings and loan association, a federal savings bank or a federal credit union authorized to do business in the commonwealth.