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General Laws

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Section 1Definitions
Section 1APowers
Section 2Application of this chapter and chapters 167C to 167G, inclusive
Section 3Use of words “trust company”
Section 4Capital structure upon incorporation
Section 5Agreement of association
Section 6Notice and application to board of bank incorporators; certificate; hearing
Section 7First meeting of incorporators
Section 8Articles of organization; certificate of incorporation
Section 9List of stockholders; certificate authorizing corporation to begin transacting business
Section 9ALimited purpose trust company; notice and application; out-of-state offices
Section 10Repealed, 1987, 239, Sec. 10
Section 11By-laws
Section 12Stockholder voting
Section 13Board of directors; executive committee
Section 14Election of officers
Section 15Officers and employees; bond
Section 16Meetings of board of directors; report on transactions
Section 17Duties of treasurer under other provisions of law
Section 18Loans or extension of credit to officers or directors; ownership of real property by officers or directors when mortgage held by corporation
Section 19Director or officer serving in same capacity for other financial institutions
Section 20Fee, commission, gift or other consideration in connection with corporation business; salary, interest on deposits, corporation benefits or profits; disclosure
Section 21Misconduct of officer, director, agent or employee
Section 22Annual report; balance sheet
Section 22AReturn in form of trial balance to commissioner
Section 23Violation of Sec. 18 or 20
Section 24Capital stock
Section 25Options to purchase, issuance and sale of shares of capital stock to employees
Section 25AStock purchase plans, restricted stock purchase plans and stock grant plans
Section 26Records and reports of transfers of stock
Section 26ANotice of proposed acquisition; disapproval
Section 26BAcquisition of company having capital stock divided into shares
Section 27Determination of record date of right to notice of and to vote at stockholders’ meeting
Section 28Dividends
Section 29Repealed, 1987, 239, Sec. 13
Section 30Issue and sale of capital notes or debentures
Section 31Reserve
Section 32Reserve balances for federal reserve system members
Section 33Insufficient reserves
Section 34Transfers to surplus reserve
Section 35Interest on savings deposits
Section 36Consolidation or merger; purchase, sale or exchange of assets; conversion
Section 37Real estate holdings of trust company successor to national bank
Section 38Advance, loan or purchase of bank assets or stock
Section 38ARestrictions on approval of merger or consolidation applications
Section 39Dissolution and liquidation
Section 40 to 47Repealed, 1998, 474, Sec. 8