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:

Section 3 of chapter 167C of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by inserting after the second paragraph the following paragraph:-

Any bank, national bank association, federal savings and loan association or federal savings bank located in the commonwealth, the majority of shares of the voting stock of which is owned by a bank holding company pursuant to chapter one hundred and sixty-seven A or 12 USC 1841 et seq, provided that the main office of such company is located in the commonwealth, may transact with a customer business which pertains to such customer's accounts maintained at any other bank located in the commonwealth the majority of the shares of the voting stock of which is owned by the same such bank holding company also pursuant to said chapter one hundred and sixty-seven A or said 12 USC 1841.