Massachusetts General Laws

Mass. Gen. Laws ch. 167, § 5 (2026)

Request for bank examination

✓ current as of July 2026

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Section 5. Upon written application on oath to the commissioner by five or more officers, trustees, creditors or depositors of a bank setting forth their interest and the reasons for making an examination and requesting him to examine such bank, he shall forthwith make a full investigation of its affairs in the manner provided in the preceding sections.

Notes of Decisions

Cited in 4 cases, 1960–1979 · leading case: Ottaway Newspapers, Inc. v. Appeals Court, 362 N.E.2d 1189 (Mass. 1977).

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Ottaway Newspapers, Inc. v. Appeals Court, 362 N.E.2d 1189 (Mass. 1977). · cites it 2× “) The remedy the commissioner sought was to displace the president and members of the board of investment of the bank, and to that end she commenced on April 1 to take the steps, looking to possible eventual removal of bank officers, prescribed by G. L. c. 167, § 5 (to be dealt…”

Tobin v. Comm'r of Banks, 386 N.E.2d 1246 (Mass. 1979). “Before being removed, the plaintiff has a statutory right to a hearing before the Commissioner, review of the Commissioner’s decision by an administrative board composed of the State Treasurer, the Attorney General and the Commissioner of Revnue and then judicial review of the…”

Worcester Cnty. Nat'l Bank v. Comm'r of Banks, 166 N.E.2d 551 (Mass. 1960). “G. L. c. 167, §§ 5 (as appearing in St. 1933, c.”

Roslindale Coop. Bank v. Greenwald, 481 F. Supp. 749 (D. Mass. 1979). “The second series of events began approximately one year later, when Greenwald, pursuant to Mass.Gen.Laws ch. 167, § 5, initiated administrative proceedings to remove four of the plaintiffs, Albert G.”

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