Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

The second paragraph of section 64 of chapter 175 of the General Laws, as most recently amended by section 2 of chapter 459 of the acts of 1969, is hereby further amended by striking out the second sentence and inserting in place thereof the following sentence:- The board of directors, or committee thereof, referred to above, may authorize by vote duly recorded in the books of the domestic company one or more officers of the domestic company or of any other company in the investment advisory business which controls, is controlled by, or is under common control with such domestic company to acquire or dispose of investments for such company between meetings of said board, or committee, under such restrictions as the board of directors, or committee, shall deem advisable, and a copy of such authorization shall be filed with the commissioner.